Which of the Following Is True of an Unqualified Indorsement

question 95

Multiple Choice

Which of the following is true of an unqualified indorsement?

• A) The order and liability of the indorsers is presumed to be the order in which they indorse the instrument, unless otherwise agreed.
• B) The first indorser is presumed to be liable for the full amount in the instrument, unless otherwise specifically agreed.
• C) It guarantees payment of the instrument if the maker defaults.
• D) It protects subsequent indorsees from liability.

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Definitions:

Significant Distress

A considerable level of physical or emotional pain, discomfort, or suffering.

Deceased Patient

Refers to a patient who has expired, or passed away.

Patient's Dentures

Artificial replacements for missing teeth and surrounding tissues, specifically designed for a patient.

View Body

A procedure allowing family members and loved ones to see the deceased before final arrangements.