Multiple Choice
If Kathy indorses a check "without recourse":
A) Kathy is not contractually liable if the check is not paid.
B) negotiability is destroyed.
C) the check cannot be transferred.
D) Kathy cannot transfer good title to the check.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: A bank "gives value" when it allows
Q10: Tony is fraudulently induced to issue a
Q23: Subsequent indorsers are always bound by an
Q37: An indorsement must be written within 1
Q38: The principal advantage of negotiable instruments is
Q42: Cynthia Todd is the holder of a
Q52: All of the following are "real defenses"
Q76: Buying a negotiable instrument at a discounted
Q80: A negotiation obtained by duress,mistake,or fraud is
Q83: Ricardo is the holder of a check