Which type of indorsement prevents the indorser from having liability to later holders in the event that the instrument is not paid according to its terms?
A) blank
B) restrictive
C) special
D) nominal
E) qualified

Question

Quizplus · Accepted Answer

A qualified indorsement includes words such as "without recourse," which indicates that the indorser does not wish to assume liability if the instrument is not paid.

Which Type of Indorsement Prevents the Indorser from Having Liability