An indorser who writes "without recourse" next to her signature on a negotiable instrument is not liable for payment.

Name: An indorser who writes "without recourse" next to her signature on a negotiable instrument is not liable for payment.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When an indorser writes "without recourse" next to their signature on a negotiable instrument, they are effectively disclaiming any liability for payment of the instrument. Therefore, they are not liable for payment.

An Indorser Who Writes "Without Recourse" Next to Her Signature