Individuals to whom you have willed your property are known as executors

Indicate whether this statement is true or false.

Answer: FALSE

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Which of the following is true of an unqualified indorsement?

A) It does not limit or disclaim liability. B) It obligates the indorser to pay for the instrument. C) It guarantees payment of the instrument if the maker defaults. D) It protects subsequent indorsees from liability.

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Because laches is a constitutionally protected right, a legislature may not prohibit its

application by statute. a. True b. False

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