An indorsement that says "without recourse" disclaims liability and protects that indorser and any future indorsers.
Correct Answer:
Verified
Q12: Order paper that is indorsed in blank
Q83: "Pay to Kathy Young" is a restrictive
Q84: When the name of a payee or
Q85: If there is no room on an
Q87: To prevent the risk of loss from
Q89: The words of negotiation,"pay to the order
Q90: A(n)_ takes an instrument free of many
Q91: An indorsee who does not comply with
Q92: A special indorsement creates bearer paper.
Q93: Once created,a negotiable instrument can be transferred
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