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.

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