A check was indorsed as follows:
Which of the following will discharge all of the indorsers?
Jessica Hall
Without recourse
Paul Samuels
Collection guaranteed
Melissa Liston
A)Notice of dishonor after 30 days time
B)The "without recourse" indorsement within the chain
C)Insolvency of drawer
D)Certification of the check

Question

Quizplus · Accepted Answer

Certification of the check discharges all indorsers because it signifies that the bank has accepted the check and will pay it, thus relieving indorsers of liability.

A Check Was Indorsed as Follows