Qualified Indorsers and Agents That Properly Sign a Negotiable Instrument

question 55

True/False

Qualified indorsers and agents that properly sign a negotiable instrument are not primarily or secondarily liable on the instrument.

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Definitions:

Mammary Glands

Specialized organs in mammals that produce milk to nourish newborn offspring, part of the reproductive system.

Ancestral Trait

A trait or characteristic that existed in an ancestor and may be retained or altered in its descendants through evolution.

Platypuses

Egg-laying mammals known for their unique set of characteristics that blend traits of both mammals and reptiles.

Venom

A toxic substance secreted by animals such as snakes, spiders, and scorpions, used to immobilize or kill prey and for defense.