_____, means that the indorser has no contract liability to subsequent holders if a maker or drawee defaults.
A) "Without recourse"
B) "For deposit only"
C) "For collection"
D) "Received payment"
E) "Indorsement in full"
Correct Answer:
Verified
Q21: Agency indorsements are _.
A) conditional indorsements
B) qualified
Q22: A holder can convert a blank indorsement
Q23: The dichotomy between _ indorsements and _
Q24: Which of the following indorsements converts the
Q25: Katie James indorses her paycheck "for deposit
Q27: Under Article 3, the loss when a
Q28: What is a blank indorsement?
Q29: Uniform Commercial Code 3-201(a) defines _ as
Q30: Which of the following stands true for
Q31: A blank indorsement _.
A) limits the indorser's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents