An endorser who endorses a note without recourse warrants that all signatures on the note are genuine and authorized.

Name: An endorser who endorses a note without recourse warrants that all signatures on the note are genuine and authorized.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is because when an endorser endorses a note without recourse, they are not assuming any responsibility for the payment or validity of the note. However, they are warranting that the signatures on the note are genuine and authorized.

An Endorser Who Endorses a Note Without Recourse Warrants That