Mike indorsed a check from his employer by signing his name and the words "without recourse." This indorsement is an example of a:

Name: Mike indorsed a check from his employer by signing his name and the words "without recourse." This indorsement is an example of a:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A qualified indorsement is one by which the indorser disclaims her liability to make the instrument good if the maker or drawer defaults on it.Words such as "without recourse" are used to qualify an indorsement.

Mike Indorsed a Check from His Employer by Signing His