The use of the qualifying word(s) __________ is\are understood to place purchasers on notice that they may not rely on the credit of the person using this language.

Name: The use of the qualifying word(s) __________ is\are understood to place purchasers on notice that they may not rely on the credit of the person using this language.
Brand: Quizplus
Rating: 4.8 (60 reviews)

Question

Quizplus · Accepted Answer

"Without recourse" is a term used to indicate that the endorser does not take responsibility for the payment if the original issuer defaults.

The Use of the Qualifying Word(s) __________ Is\are Understood to Place