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A Check Was Indorsed as Follows

Question 11

Multiple Choice

A check was indorsed as follows:
Jessica Hall
without recourse
Paul Samuels
Collection guaranteed
Melissa Liston

Which of the following will discharge all of the indorsers?


A) Notice of dishonor.
B) The “without recourse” indorsement within the chain.
C) Insolvency of drawer.
D) Certification of the check.

Correct Answer:

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