A Check Was Indorsed as Follows

question 43

Multiple Choice

A check was indorsed as follows:
Which of the following will discharge all of the indorsers?
Jessica Hall
Without recourse
Paul Samuels
Collection guaranteed
Melissa Liston

• A)notice of dishonor after 30 days' time
• B)the "without recourse" indorsement within the chain
• C)insolvency of drawer
• D)certification of the check

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Definitions:

Learner Assessment

The process of evaluating the knowledge, skills, attitudes, and educational progress of students or trainees.

Cognitive Objectives

Goals related to the development of intellectual skills, such as understanding, applying, analyzing, evaluating, and creating knowledge.

Evaluation

The systematic process of assessing and judging the value or performance of something or someone based on established criteria.

Perception of Information

How individuals interpret or understand information received from their surroundings or communicated to them, influenced by their beliefs, experiences, and cognitive biases.