An indorser who writes "without recourse" above her signature on a negotiable instrument is not liable for payment.

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When an indorser writes "without recourse" above her signature on a negotiable instrument, she effectively disclaims liability for payment. This means that if the instrument is dishonored, the holder cannot turn to the indorser for payment. However, it is important to note that this does not necessarily mean that the indorser is completely off the hook. The indorser may still have certain warranties or obligations under the Uniform Commercial Code or other applicable law.

An Indorser Who Writes "Without Recourse" Above Her Signature on a Negotiable