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    Business Law Study Set 4
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    Exam 32: Negotiation and Holder in Due Course
  5. Question
    A Qualified Indorsement Is One Where the Indorser Accepts the Liability
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A Qualified Indorsement Is One Where the Indorser Accepts the Liability

Question 54

Question 54

True/False

A qualified indorsement is one where the indorser accepts the liability to make the instrument good if the maker or drawer defaults on it.

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