Ricardo Is the Holder of a Check That Contains the Indorsement

question 52

Multiple Choice

Ricardo is the holder of a check that contains the indorsement "Without Recourse, (signed) Mary Roberts." This indorsement:

• A) requires a special indorsement by the transferee.
• B) limits the liability of all subsequent holders, including Ricardo.
• C) limits the liability of Mary Roberts.
• D) makes further indorsement impossible.

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Definitions:

Categorical

Pertaining to data that can be divided into specific groups or categories that are qualitatively distinct.

Categorical Variables

Variables that represent categories with qualitative characteristics, such as gender, race, or yes/no responses, and do not inherently carry a numerical value.

Information

Data that have been processed, organized, or structured in a way that adds meaning or value, making it useful for decision-making or analysis.

Quantitative Variables

Variables that can be quantified and measured, having numeric values that represent different magnitudes of the variable.