Multiple Choice
A forged or unauthorized endorsement is by definition:
A) an endorsement of the person by whom it appears to have been made.
B) no endorsement of the person by whom it appears to have been made.
C) binding on the party who refuses to ratify the instrument.
D) incapable of being ratified.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: The transferee has only those rights that
Q14: The warranties made by an unqualified indorser
Q44: Coppersmith executed and delivered negotiable notes to
Q45: A qualified indorsement is given by using
Q45: If a negotiable order instrument is transferred
Q46: Negotiation of order paper requires:<br>A) delivery only.<br>B)
Q46: An unqualified indorser who receives consideration for
Q50: An endorsement is restrictive when:<br>A) the paper
Q51: A restrictive indorsement reduces the risk of
Q52: Endorsements may be classified in terms of