The Words "Without Recourse" on an Indorsement Means the Indorser

question 5

Multiple Choice

The words "without recourse" on an indorsement means the indorser is:

• A) liable personally but not other parties.
• B) not liable for any problems associated with the instrument.
• C) not liable if the instrument is dishonored.
• D) liable for only up to fifty per cent of the loss.

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Definitions:

True Proportions

Refer to the actual relative frequencies of outcomes within a population.

College Success

Refers to the achievement of desired academic outcomes by college students, often measured by grades, graduation rates, and post-graduation employment.

Birth Order

The order in which a person is born in their family, which is often considered to impact personality, intelligence, and other traits.

Standard Error

Represents the standard deviation of the sampling distribution of a statistic, most often the mean.