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________ Is Defined to Mean "A Signature (Other Than That

Question 25

Multiple Choice

________ is defined to mean "a signature (other than that of a maker,drawer or acceptor) that alone or accompanied by other words,is made on an instrument for purpose of (i) negotiating the instrument,(ii) restricting payment of the instrument,or (iii) incurring indorser's liability on the instrument."


A) Indemnification
B) Recoupment
C) Indorsement
D) Ratification

Correct Answer:

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