The words without recourse on an indorsement means the indorser is: a. not liable for any problems
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Question:
The words “without recourse” on an indorsement means the indorser is:
a. not liable for any problems associated with the instrument.
b. not liable if the instrument is dishonored.
c. liable personally but not other parties.
d. liable for only up to fifty percent of the loss.
Related Book For
Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F
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