Multiple Choice
Which of the following best describes an allonge?
A) It is the right side of a check when looking at it from the front.
B) It is an indorsement consisting of signature of indorser.
C) It is the left side of a check when looking at it from the front.
D) It is a paper attached to an instrument.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: James wants to indorse a check to
Q3: A depository bank receiving a check with
Q6: Negotiable instruments can be made payable to
Q7: Which of the following best describes a
Q8: Parties can be discharged from an obligation,
Q9: A person who negotiates a bearer instrument
Q10: The trailing edge is the right side
Q11: When a negotiable instrument is lost, this
Q13: Explain liabilities for payment of instrument
Q14: is a unilateral act of a holder