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maks197457 [2]
3 years ago
5

Lloyd indorses a check "Pay to Erin, without recourse," [signed] Lloyd. The legal effect this indorsement has on Lloyd is:

Social Studies
1 answer:
irga5000 [103]3 years ago
4 0

Answer:

C. That Lloyd is relieved of all liability on the check.

Explanation:

The 'without recourse' indorsement is one qualified indorsement that does well in exposing Lloyd of further liability on that check.

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