An indorser can limit his liability by making a _____ indorsement.

Name: An indorser can limit his liability by making a _____ indorsement.
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A qualified endorsement is one in which the endorser limits their liability by adding language such as "without recourse" or "for deposit only." This type of endorsement does not transfer the same amount of ownership rights to the endorsee as a regular endorsement would, but it does offer some protection to the endorser.

An Indorser Can Limit His Liability by Making a _____