According to the UCC,a qualified indorsement is one that disclaims or limits liability on the instrument.

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A qualified indorsement is one that includes specific language that disclaims or limits the endorser's liability on the instrument. This can be contrasted with an unqualified indorsement, which does not include any such language and makes the endorser fully liable for the instrument's payment. The rules governing qualified indorsements are set forth in Article 3 of the Uniform Commercial Code (UCC).

According to the UCC,a Qualified Indorsement Is One That Disclaims