Generally,indorsers Are Not Liable Under Signature Liability If

question 28

Multiple Choice

Generally,indorsers are not liable under signature liability if

• A)they write the words "without recourse" next to their signatures on the instrument.
• B)they are not the drawee.
• C)a check is presented for payment within 30 days after the indorsement.
• D)they are an accommodation party.

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Definitions:

Participation

Involvement or engagement in an activity, process, or event by contributing effort, opinions, or resources.

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A civilization belonging to a period of Greek history that lasted from the Archaic period of the 8th century BC to the end of antiquity.

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the appearance of the sky during the night, characterized by visible celestial bodies such as stars, planets, and the moon.

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