Multiple Choice
Which of the following is true regarding the 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
Q7: Which of the following best describes a
Q8: An instrument made payable to more than
Q9: A qualified indorsermakes no warranties regarding the
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
Q15: Parties can be discharged from an obligation
Q16: Delivery of a bearer instrument is sufficient
Q27: The warranty liability of a qualified indorser