Multiple Choice
Which kind(s) of liability can be imposed only if a party has signed an instrument?
A) warranty liability only
B) contract liability only
C) both contract liability and warranty liability
D) neither contract liability nor warranty liability
E) excess liability
Correct Answer:

Verified
Correct Answer:
Verified
Q96: Payees generally do not meet the requirements
Q97: With respect to negotiable instruments,the "red light
Q98: A holder who takes an instrument with
Q99: In terms of the requirements for becoming
Q100: Signature liability on a negotiable instrument is
Q102: ABC Corporation,a large corporation,calls Joe's Plumbing Service
Q103: In terms of the requirements for becoming
Q104: Under the Uniform Commercial Code,value has been
Q105: Where an indorsement on an instrument has
Q106: Betty issues a note payable to the