Multiple Choice
Which of the following is the best description of an indorsement?
A) A signature that creates no new legal obligations.
B) A signature that often creates potential liability for the indorser.
C) A transfer that creates no new legal obligations.
D) A transfer that usually creates potential liability.
E) A payment of an instrument that discharges the liability of the maker or drawer.
Correct Answer:
Verified
Correct Answer:
Verified
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