Which of the Following Is True Regarding an Indorser's Liability

question 29

Multiple Choice

Which of the following is true regarding an indorser's liability on a note?

• A)A holder can proceed directly against the indorser without first presenting the note to the maker.
• B)A qualified indorsement by the indorser will not disclaim liability against a holder who takes it in good faith and for value.
• C)For the indorser to be liable,there must be presentment to the maker,dishonor by the maker,and notice to the indorser.
• D)For the indorser to be liable,there need only be presentment to the maker and dishonor by the maker.

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Definitions:

Definitions of a Situation

The concept that people's understanding and interpretation of a situation influences their behavior within it.

Iowa School Symbolic Interactionism

A perspective within the field of sociology that focuses on how individuals interpret and give meaning to social symbols, emerging from work at the University of Iowa.

Chicago School Symbolic Interaction

A sociological perspective originating from the University of Chicago that emphasizes the role of symbols and language in human interaction and society construction.