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.


Answer: A

Business

You might also like to view...

The challenges of coordinating logistics functions in a supply chain have led to less sharing of information over the Internet and on websites.

Answer the following statement true (T) or false (F)

Business

"Everyone else does it," is a signal of an ethical pitfall

Indicate whether the statement is true or false

Business

Many states provide small claims courts. These courts:

a. have limited jurisdiction b. hear cases involving a relatively small amount of money c. only hear cases involving certain subjects d. are less formal than other courts e. all of the other choices are correct

Business

In choosing a guardian for your children, you should

A) always pick the family member closest to your age. B) be sure to leave money for the guardian to care for your children. C) ensure that the person you select is willing to serve in this capacity. D) Both B and C are correct.

Business