Jack receives a check from Kappa Company and indorses it "without recourse." This indorsement is:______.a. a blank indorsement.

Business

1 answer:

ser-zykov [4K]3 years ago

3 0

Answer:

b. a qualified indorsement.

Explanation:

Jack receives a check from Kappa Company and indorses it "without recourse." This indorsement is known as a "qualified indorsement".

In a qualified indorsement, the liability is usually disclaimed by the indorser when a phrase is added preceding the signature.

The qualified indorsement gives the indorser the ability to include "without recourse" which eventually relieves the indorser of any payment responsibility. During settlement of claims, Attorneys who collect checks from their clients usually sign using "qualified endorsements"

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The price of coffee rose sharply last month, while the quantity sold remained the same. five people suggest various explanations

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