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  3. Study Set
    Contemporary Business
  4. Exam
    Exam 20: Creation and Transfer of Negotiable Instruments
  5. Question
    The Primary Legal Effect of Being a Qualified Indorser Is
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The Primary Legal Effect of Being a Qualified Indorser Is

Question 38

Question 38

True/False

The primary legal effect of being a qualified indorser is to eliminate the indorser's liability to pay an instrument if the maker,drawer or other indorser does not.

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