A Check Was Indorsed as Follows

question 45

Multiple Choice

A check was indorsed as follows:
Which of the following will discharge all of the indorsers?
Jessica Hall
Without recourse
Paul Samuels
Collection guaranteed
Melissa Liston

• A)Notice of dishonor after 30 days time
• B)The "without recourse" indorsement within the chain
• C)Insolvency of drawer
• D)Certification of the check

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Definitions:

Privacy Acts

Laws designed to protect the personal information of individuals from unauthorized access, use, or disclosure.

Damages

Compensation claimed by or awarded to a person as redress for a loss or injury.

Injunctions

Court orders requiring an individual or entity to do or refrain from doing a specific act, used to prevent harm or to protect legal rights.

Accounting For Profits

A legal remedy that requires the wrongful party to pay the profits earned from their wrongdoing to the plaintiff.