Multiple Choice
Which of the following is true of a qualified indorsement?
A) An instrument containing a qualified indorsement can only be negotiated once.
B) An indorsement once qualified will protect all subsequent indorsers.
C) A qualified indorsement protects only the indorser who wrote the indorsement.
D) A qualified indorsement obligates the indorser to pay in case the maker defaults.
Correct Answer:
Verified
Correct Answer:
Verified
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