Jolene indorses the back of a check with the phrase: "without recourse." This makes Jolene a(n) Indorser who is on the check DA. qualified; not secondarily liable OB. special; not primarily liable OC. restrictive; not primarily and secondarily liable DD. unqualified; secondarily liable DE. blank; primarily liable

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter16: Information, Risk, And Insurance
Section: Chapter Questions
Problem 2SCQ: Why is there asymmetric information in the labor market? What signals can an employer look for that...
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Jolene indorses the back of a check with the phrase: "without recourse." This makes Jolene a(n)
Indorser who is
on the check.
O A. qualified; not secondarily liable
O B. special; not primarily liable
OC. restrictive; not primarily and secondarily liable
OD. unqualified; secondarily liable
DE. blank; primarily liable
Transcribed Image Text:Jolene indorses the back of a check with the phrase: "without recourse." This makes Jolene a(n) Indorser who is on the check. O A. qualified; not secondarily liable O B. special; not primarily liable OC. restrictive; not primarily and secondarily liable OD. unqualified; secondarily liable DE. blank; primarily liable
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