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Clark has been diagnosed with gender identity disorder. What does this mean?
Indorser's Liability
The responsibility assumed by an endorser (or indorser) when they sign a negotiable instrument, making them liable if the instrument is not honored.
Nonnegotiable
Pertaining to an item or document that cannot be transferred or assigned to another party in exchange for money or goods.
Assignment
The transfer of rights, property, or obligations from one party to another, often used in contexts such as contracts, leases, and insurance policies.
Qualified Indorsement
An endowment that restricts the transfer of a negotiable instrument except under certain conditions.
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