What Is the Effect of the Designation,"Hiro Murakami,without Recourse

question 57

Multiple Choice

What is the effect of the designation,"Hiro Murakami,without recourse?"

• A)It has no effect on anyone,including,but not limited to,any subsequent holder.
• B)It has no effect on any subsequent holder.
• C)It means that Hiro Murakami does not provide any guarantees to subsequent holders if the instrument is later dishonored.
• D)It means that Hiro Murakami is providing that neither he nor the person who transferred the instrument to him can be held further liable to any subsequent holder.
• E)It means that Hiro Murakami is providing that any subsequent holder cannot be held liable.

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Definitions:

Strategic Campaign

An organized series of actions directed towards achieving a specific goal, often used in contexts of advocacy, marketing, or political movements.

NLRA

The National Labor Relations Act, a foundational statute in United States labor law that protects the rights of employees to organize, bargain collectively, and engage in concerted activities.

Penalties

Sanctions or fines imposed for violating laws or regulations.

Wage Increase

An upward adjustment in employees' salaries or wages, often achieved through negotiation or as a response to inflation.