Which of the following is true of an unqualified indorsement?
A) It does not limit or disclaim liability.
B) It obligates the indorser to pay for the instrument.
C) It guarantees payment of the instrument if the maker defaults.
D) It protects subsequent indorsees from liability.
Correct Answer:
Verified
Q20: Which of the following makes negotiable instruments
Q21: A separate piece of paper attached to
Q22: An indorsement that contains the signature of
Q23: An indorsement whereby the indorser promises to
Q24: A(n) _ indorsement includes the notation "without
Q26: Which of the following is true of
Q27: Which of the following is true of
Q28: Which order paper when indorsed becomes a
Q29: _ are required to negotiate order paper,
Q30: The allonge must be affixed to an
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