endorser liability

When A Person Indorses A Check The Indorser Assumes?

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When A Person Indorses A Check The Indorser Assumes? When a person indorses a check, the indorser assumes contractual liability based on the indorsement. This liability expires unless presentment is made a. within 3 days of indorsement. Who is the Indorser on a check? What Is an Endorser? An endorser is a person who is

What Are The Two Liabilities That Can Arise On A Negotiable Instrument?

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What Are The Two Liabilities That Can Arise On A Negotiable Instrument? There are two types of liability associated with negotiable instruments: Signature Liability (signatures on instruments- those who sign are potentially liable for payment of the amount stated) and. Warranty Liability (whereby the liability extends to both signers and nonsigners) Who is secondarily liable