If Kathy indorses a check "without recourse":
A) Kathy is not contractually liable if the check is not paid.
B) negotiability is destroyed.
C) the check cannot be transferred.
D) Kathy cannot transfer good title to the check.
Correct Answer:
Verified
Q25: Buying a negotiable instrument at a discounted
Q30: A person is never entitled to enforce
Q40: A holder in due course has the
Q44: A person who knows that an instrument
Q47: Which of the following are not types
Q49: An indorsement stating "Pay Paula Hobson only":
A)
Q51: If there is no indorsee designated on
Q52: Art signs a promissory note payable to
Q53: Ricardo is the holder of a check
Q58: Which of the following is not a
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