Multiple Choice
Art signs a promissory note payable to the order of Swains Jewelers for $8,000 for a wedding ring.If the owner of Swains simply signs "Swains Jewelers":
A) the note is restrictively indorsed.
B) the indorsement is ineffective because the note will have to bear the signature of the person who indorsed it.
C) the note is negotiable by delivery.
D) the indorsement will be valid only if dated.
Correct Answer:

Verified
Correct Answer:
Verified
Q51: What are the requirements for a transferee
Q52: All of the following are "real defenses"
Q53: An indorsement stating "Pay Paula Hobson only":<br>A)
Q54: Every indorsement is either blank or special.
Q55: A blank indorsement converts order paper to
Q57: An indorsement limiting payment to a particular
Q58: A person other than the owner of
Q59: An indorsement that is not in the
Q60: A bearer instrument is comparable to cash
Q61: A person who knows that an instrument