A Qualified Indorsement Qualifies the Effect of a Blank or Special

question 13

True/False

A qualified indorsement qualifies the effect of a blank or special indorsement by disclaiming certain liabilities of the indorser to a maker or drawee.

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Definitions:

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is absorbed by plants in photosynthesis.

Surface Tension

The elastic tendency of a fluid surface which makes it acquire the least surface area possible, due to intermolecular forces.

Adhesive Forces

Attractive forces between unlike substances, such as water molecules adhering to glass surfaces.

Cohesive Forces

The attractive forces between like molecules that are responsible for the tendency of certain materials to stick together.