A "without recourse" indorsement eliminates all of an indorser's liability.
Correct Answer:
Verified
Q35: The shelter rule did not exist at
Q36: Horst, a holder in due course, buys
Q37: To acquire the preferential rights of a
Q38: An executory promise, which is valid consideration
Q39: An indorsement "Pay to Jones Construction Company
Q41: The transfer of a negotiable instrument in
Q42: Carmen needs quick cash, so she thinks
Q43: Vicki, a bookkeeper for Emilio Enterprises, steals
Q44: Ricardo is the holder of a check
Q45: Which of the following is required regarding
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents