An indorsee cannot use the notation "without recourse" to avoid liabil?ity for payment on the instrument.
Correct Answer:
Verified
Q2: An HDC takes a negotiable instrument free
Q3: An allonnge is required to negotiate a
Q6: A holder takes an instrument for value
Q7: An order instrument is negotiated by delivery
Q9: A transfer by negotiation can make it
Q10: A person who receives an instrument as
Q11: An instrument payable to two persons jointly
Q11: A transfer of a negotiable instrument cannot
Q14: A blank indorsement can consist of a
Q18: Under the UCC, a transfer of rights
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