Exam 24: Form and Content

Which of the following is not a negotiable instrument?

(Multiple Choice)

4.9/5

(31)

Question 61

An assignee of contractual rights acquires only the same rights as the assignor.

(True/False)

5.0/5

(34)

Question 62

An "I.O.U." is a negotiable instrument.

(True/False)

4.8/5

(38)

Question 63

What are the requirements of negotiability under the Code? List and briefly summarize them.

(Essay)

5.0/5

(34)

Question 64

Expain whether each of the following would be negotiable or not negotiable. a. A check with the amount payable omitted. b. A draft for 3,000 bushels of corn. c. A check written in pencil on a paper towel. d. A note stating that it is secured by a mortgage on a specified parcel of land. e. A note stating "IOU fifty dollars."

(Essay)

4.8/5

(24)

Question 65

A maker must sign in the lower right-hand corner of the instrument.

(True/False)

4.7/5

(35)

Question 66

A promise or order is unconditional if it states that:

(Multiple Choice)

4.9/5

(37)

Question 67

Showing 61 - 67 of 67

Exam 24: Form and Content

Which of the following is not a negotiable instrument?

An assignee of contractual rights acquires only the same rights as the assignor.

An "I.O.U." is a negotiable instrument.

What are the requirements of negotiability under the Code? List and briefly summarize them.

A maker must sign in the lower right-hand corner of the instrument.

A promise or order is unconditional if it states that:

Introduction to Law

Business Ethics

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance Breach and Discharge

Contract Remedies

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Product Liability Warranties and Strict Liability

Sales Remedies

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits Collections and Funds Transfers

Relationship of Principal and Agent

Relationship With Third Parties

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature and Formation of Corporations

Financial Structure of Corporations

Management Structure of Corporations

Fundamental Changes of Corporations

Secured Transactions and Suretyship

Bankruptcy

Securities Regulation

Intellectual Property

Employment Law

Antitrust

Accountants Legal Liability

Consumer Protection

Environmental Law

International Business Law

Introduction to Property Property Insurance Bailments and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Wills

Filters