Which of the Following Is True of an Unqualified Indorsement

question 77

Multiple Choice

Which of the following is true of an unqualified indorsement?

• A) It does not limit or disclaim liability.
• B) It obligates the indorser to pay for the instrument.
• C) It guarantees payment of the instrument if the maker defaults.
• D) It protects subsequent indorsees from liability.

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Definitions:

Sternberg

Refers to Robert Sternberg, an American psychologist best known for his theory on intelligence, which includes analytic, creative, and practical components.

Component

Represents a part or element of a larger whole, especially a part of a machine or system.

Peaks Early

Refers to something that reaches its highest or most intense point of development, performance, or activity at an early stage.

Self-Serving Bias

The common tendency to attribute one's successes to personal factors and one's failures to external factors.