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  2. Qualified indorsement (or endorsement) is an indorsement that passes title to a negotiable instrument with certain restrictions. It is an indorsement coupled with an additional phrase, e.g. "without recourse," thereby limiting the liability of the indorser (signer) to subsequent holders of the instrument in the event the instrument is dishonored.
    www.law.cornell.edu/wex/qualified_indorsement_%28endorsement%29
    www.law.cornell.edu/wex/qualified_indorsement_%28endorsement%29
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