Unqualified indorsers have no liability on negotiable instruments,as banks usually insure their customers accounts.

Name: Unqualified indorsers have no liability on negotiable instruments,as banks usually insure their customers accounts.
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Question

Quizplus · Accepted Answer

Unqualified indorsers can be held liable on negotiable instruments if the primary party does not pay. Banks may offer account insurance, but this does not absolve an indorser of liability.

Unqualified Indorsers Have No Liability on Negotiable Instruments,as Banks Usually