Which of the Following Is True for a Qualified Indorsement

question 60

Multiple Choice

Which of the following is true for 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.

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Definitions:

Mainshaft Speed Sensor

A device that measures the rotational speed of the mainshaft in a vehicle's transmission.

Input Shaft Speed Sensor

A sensor used to monitor the speed of the input shaft in a vehicle's transmission, providing crucial data for gear selection and shift timing.

Hall-effect

A phenomenon in which a voltage difference is created across an electrical conductor, transverse to an electric current in the conductor and a magnetic field perpendicular to the current.

Electrical Principle

Fundamental concepts and laws that govern the behavior of electrical systems, including Ohm's law, Kirchhoff's law, and the principles of electromagnetism.