A Check Was Indorsed as Follows

question 11

Multiple Choice

A check was indorsed as follows:
Jessica Hall
without recourse
Paul Samuels
Collection guaranteed
Melissa Liston

Which of the following will discharge all of the indorsers?

• A) Notice of dishonor.
• B) The “without recourse” indorsement within the chain.
• C) Insolvency of drawer.
• D) Certification of the check.

Know the immediate steps to take in emergency situations like choking.

Comprehend safety precautions necessary for children and the elderly.

Recognize common causes of injuries and how to prevent them.

Identify the acute adverse effects of hazardous substance exposure and appropriate responses.

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Definitions:

Common Shares Outstanding

The number of shares that are currently owned by investors, including restricted shares owned by company officers and insiders.

Liabilities

Liabilities refer to the financial obligations or debts that a company owes, which must be paid to others.

Treasury Stock

Shares that were once part of the outstanding shares but were bought back by the company, reducing the amount of stock on the open market.

Par Value

The stated value of a bond, stock share, or coupon as designated by the issuer.