Which of the Following Is True of an Unqualified Indorsement

question 77

Multiple Choice

Which of the following is true of an unqualified indorsement?

• A) It does not limit or disclaim liability.
• B) It obligates the indorser to pay for the instrument.
• C) It guarantees payment of the instrument if the maker defaults.
• D) It protects subsequent indorsees from liability.

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Definitions:

Social Cohesion

The bonds that bring individuals together in a society, fostering a sense of belonging and mutual support.

Immigrants

Individuals who move from one country to another, typically for reasons such as seeking employment, escaping conflict, or improving living conditions.

Deviance

Behaviors or actions that violate social norms or values, which can result in social disapproval or sanction.

Social Norms

Informal understandings that govern the behavior of members of a society, guiding their actions and interactions.