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:

Lung Volume

The total amount of air that the lungs can hold, varying according to age, fitness level, and respiratory health.

Inspiratory Lung Capacity

The maximum volume of air an individual can inhale after a normal exhalation.

Tidal Volume

Tidal volume is the amount of air that is inhaled or exhaled during a normal breath at rest.

Inspiratory Reserve Volume

The maximum amount of air that can be inhaled after a normal inhalation, measuring lung capacity beyond a typical breath.