Generally,indorsers Are Not Liable Under Signature Liability If

question 28

Multiple Choice

Generally,indorsers are not liable under signature liability if

• A)they write the words "without recourse" next to their signatures on the instrument.
• B)they are not the drawee.
• C)a check is presented for payment within 30 days after the indorsement.
• D)they are an accommodation party.

---

Definitions:

Sellers

Individuals or entities that offer goods or services for sale in the marketplace.

Equilibrium Price

The price at which the quantity of goods demanded equals the quantity of goods supplied.

Excess Demand

Excess demand occurs when the quantity demanded of a product or service exceeds the quantity supplied at the current price, leading to shortages.

Excess Supply

A market situation where the quantity of a good or service offered is greater than the quantity demanded by consumers.