Qualified, Qualified Indorsement

QUALIFIED - This term is frequently used in law. A man has a qualified property in animals ferae naturae, while they remain in his power, but, as soon as they regain their liberty, his property in them is lost. A man has a qualified right to recover property of which he is not the owner, but which was unlawfully taken out of his possession. But this right may be defeated by the owner bring a suit or claiming the property.

QUALIFIED INDORSEMENT - A transfer of a bill of exchange or promissory note to an indorsee, without any liability to the indorser; the words usually employed for this purpose, are sans recours, without recourse.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.