Multiple Choice
The holder of an instrument wants the instrument to be paid to a specific person,ensure that the amount mentioned on the instrument is deposited in that person's account.The holder does not want to be liable to that person in the event that the instrument is not paid.In this scenario,the holder should most likely execute a ________.
A) blank, qualified, restrictive indorsement
B) special, qualified, restrictive indorsement
C) special, qualified, unrestrictive indorsement
D) blank, qualified, unrestrictive indorsement
Correct Answer:
Verified
Correct Answer:
Verified
Q6: An instrument that is not payable to
Q25: An instrument that contains an unconditional order
Q26: Ryan executes a promissory note promising to
Q27: An unconditional promise to pay a definite
Q28: _ is a legitimate method to convert
Q29: While indorsing a check,if an indorser indorses
Q31: Typewritten,handwritten,or other tangible agreements fulfill the writing
Q32: _ of the UCC establishes rules for
Q33: A check is a promise to pay.
Q35: If a trader draws a check for