Which of the Following Is True About an Unqualified Indorsement

question 13

Multiple Choice

Which of the following is true about an unqualified indorsement?

• A)It does not limit or disclaim liability.
• B)It obligates the indorser to pay for the instrument.
• C)It guarantees payment of the instrument if the maker defaults.
• D)It protects subsequent indorsees from liability.

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