An indorsement cannot incur the indorser's liability on the instrument.

Name: An indorsement cannot incur the indorser's liability on the instrument.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Indorsement does incur the indorser's liability on the instrument. This means that if the person who originally wrote the instrument (known as the maker or drawer) does not fulfill their obligation, the indorser can be held responsible for paying the amount owed.

An Indorsement Cannot Incur the Indorser's Liability on the Instrument