How can an indorser avoid secondary liability?
A)Ensure the instrument was not altered in any way.
B)Make an indorsement with the phrase "without recourse."
C)Ask a third-party to be a guarantor.
D)Indorsers are not subject to secondary liability.

Question

Quizplus · Accepted Answer

The indorser can avoid secondary liability only by qualifying his indorsement,such as "without recourse," on the instrument when he indorses it.

How Can an Indorser Avoid Secondary Liability