Ricardo Is the Holder of a Check That Contains the Indorsement

question 83

Multiple Choice

Ricardo is the holder of a check that contains the indorsement "Without Recourse, (signed) Mary Roberts." This indorsement:

• A) makes further indorsement impossible.
• B) requires a special indorsement by the transferee.
• C) limits the liability of Mary Roberts.
• D) limits the liability of all subsequent holders including Ricardo.

---

Definitions:

Modifying Style

Refers to altering the presentation or appearance of a document or webpage through changes in formats, layouts, or designs.

Make-Or-Buy Options

Decision-making process in businesses regarding whether to produce a product or service in-house or to purchase it from an external supplier.

Excess Productive Capacity

The ability of a firm to produce more than is required at the current level of demand, often leading to underutilization of resources.

Unused Equipment

Equipment that is not currently in operation or being utilized in the production process.