On the back of a check payable to Nero, Nero writes "Pay to Odell, without recourse" and signs it. This
A)does not effect the check's negotiability or any party's liability.
B)relieves Nero of liability on the check if he has not breached any transfer warranties.
C)relieves Odell of liability on the check if he has not breached any transfer warranties.
D)renders the check nonnegotiable.

Question

Quizplus · Accepted Answer

The phrase "without recourse" indicates that Nero, as the endorser, is not liable if the check is dishonored, provided he has not breached any transfer warranties.

On the Back of a Check Payable to Nero, Nero