An Indorser Who Does Not Wish to Be Liable on an Instrument

question 60

True/False

An indorser who does not wish to be liable on an instrument can use a qualified indorsement to disclaim this liability.

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Definitions:

Personal Autonomy

The capacity to make an informed, un-coerced decision; typically refers to one's ability to govern oneself or make personal decisions without external coercion.

Independent

Being free from outside control or not depending on another's authority for livelihood or subsistence.

Ageism

A prejudice whereby people are categorized and judged solely on the basis of their chronological age.

Chronological Age

The amount of time that has passed from an individual's birth to a specific date, measured in years.