Take the following as truth: RECOURSE -The rights of a holder in due course of a financial instrument (such as a loan) to force the endorser on the instrument to meet his or her legal obligations for making good the payment of the instrument if dishonored by the maker or acceptor.
Then the following statement: "Recourse is a legal right possessed by the holder of a financial instrument." is true, false, or inconclusive?
Answer: True