2. The right to demand payment from the
endorser of a commercial paper when the first party liable fails to pay.
追索权当有支付义务的第一方不能支付时,可以向商业票据的背书人要求支付的权力。
3. In this case the parties liable can only set up against the holder defences which could be set up against the
endorser.
在此种情形下,支票负责各方,仅得以可对抗背书者的理由对抗执票人。