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KonstantinChe [14]
3 years ago
13

The words "without recourse" on an indorsement means the indorser is

Business
1 answer:
Ulleksa [173]3 years ago
5 0

Answer: D. not liable if the instrument is dishonored.

Explanation:

The words "without recourse" on an indorsement means the indorser is not liable if the instrument is dishonored.

For example of a check is given to an individual without recourse, it simply means that in a case whereby the check is rejected, and not paid, the endorser will not be held responsible.

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