Which of the following is the best description of an indorsement?
A) A signature that creates no new legal obligations.
B) A signature that often creates potential liability for the indorser.
C) A transfer that creates no new legal obligations.
D) A transfer that usually creates potential liability.
E) A payment of an instrument that discharges the liability of the maker or drawer.
Correct Answer:
Verified
Q22: Under the red light doctrine a person
Q23: Which of the following is true about
Q24: If a check has been marked "payment
Q25: What effect can indorsements have on the
Q27: A holder of a negotiable instrument is:
A)
Q28: Which of the following is not required
Q29: A holder,through a holder in due course,qualifies
Q30: A holder cannot become a holder in
Q31: To qualify as a holder in due
Q62: The advantage of a holder in due
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