Multiple Choice
Which of the following best describes the shelter principle?
A) It is a rule giving the holder rights of holder in due course.
B) It is a claim a party being sued makes against the party suing.
C) It is a rule that protects a holder from being sued.
D) It is a rule which protects the holder from judicial punishment.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Indorsers and drawers are the parties whose
Q8: Which of the following is true of
Q9: is the demand for acceptance or payment
Q12: Which of the following best describes protest?<br>A)
Q13: An agent who signs an instrument indicating
Q14: In order to attain the specially favored
Q15: The UCC specifies that for drawers on
Q16: Parties whose signatures do not appear on
Q17: Return of a check lacking a proper
Q20: Normally, an unauthorized signature binds the person