Multiple Choice
Which of the following is true of the obligation of negotiator of bearer paper?
A) The negotiator is not liable to the immediate transferee as a warrantor of the genuineness of the instrument.
B) One who negotiates a bearer instrument by delivery alone does not guarantee payment.
C) The negotiator must indorse a bearer paper when he negotiates it.
D) The mere delivery by the negotiator of a bearer paper does not change title.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Parties can be discharged from an obligation,
Q9: A person who negotiates a bearer instrument
Q10: The trailing edge is the right side
Q14: is a unilateral act of a holder
Q16: Which of the following best describes cancellation?<br>A)
Q17: The warranty liability of a qualified indorser
Q18: A indorsement designates the particular person to
Q18: A qualified indorser warrants that the signatures
Q19: A(n)is a signature on the back of
Q20: The Uniform Commercial Code does not require