Lolek, who owes Stanislaw money, indorses a draft to him with the term "without recourse." The instrument later is dishonored. Which of the following types of indorsers is Lolek?
A) a holder
B) an agent
C) an unqualified indorser
D) a qualified indorser
Correct Answer:
Verified
Q1: In which of the following is an
Q2: Absolute liability to pay a negotiable instrument,
Q4: A signature in the lower-right corner of
Q5: A drawee is primarily liable on a
Q6: A person who signs an instrument and
Q7: The payee of a cashier's check is
Q8: Those who disclaim liability and are not
Q9: Those who are secondarily liable on negotiable
Q10: In the context of instruments that are
Q11: A person cannot be held contractually liable
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