Multiple Choice
Which of the following definitions describes an aval of a bill or a note?
A) a person who has physical possession of a bill or note that is payable
B) a person who signs a bill or note as a surety and comaker
C) a person who endorses a bill or note as a guarantor of an endorsee
D) a person who signs a bill or note to lend his or her credit to another party
Correct Answer:
Verified
Correct Answer:
Verified
Q11: A _ is an instrument issued by
Q12: For which of the following types of
Q13: Explain the role of the advising bank
Q14: Which of the following written endorsements would
Q15: An endorsement in which the endorser does
Q17: Parties with secondary liability to an instrument
Q18: The _ is the production of an
Q19: An order bill is a bill or
Q20: The ULB treats an endorsement prohibiting further
Q21: A bill involved in a draft transaction