Multiple Choice
A promise by an indorser to pay the holder or any subsequent indorser the amount of the instrument if the maker,drawer,or acceptor defaults on it is known as a(n) ________ indorsement.
A) competent
B) promissory
C) unqualified
D) qualified
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: A promise to pay engraved on a
Q5: When an indorser indorses an instrument in
Q6: Which of the following is true about
Q7: A _ indorsement disclaims or limits liability
Q8: Compare and contrast qualified and unqualified indorsements.
Q10: Deborah executes an unconditional written agreement to
Q11: Which of the following is true of
Q12: A(n)_ is required to negotiate order paper,but
Q13: Which of the following is an example
Q14: The UCC requires that negotiable instruments be