Multiple Choice
Warranty liability applies to persons who:
A) transfer an instrument.
B) obtain payment or acceptance of an instrument.
C) have signed the instrument, but not on those who have not signed.
D) Both transfer an instrument and obtain payment or acceptance of an instrument are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q31: The time for dishonor of a check
Q32: The use of the qualifying word(s) _
Q33: The maker is the primary party on
Q34: Parties that are usually secondarily liable for
Q35: All people who obtain payment or acceptance
Q39: Any kind of notice of dishonor that
Q41: An accommodation party's liability is determined by
Q45: By paying the holder on an instrument,a
Q53: To certify a check,the bank must:<br>A) tell
Q61: Discuss the effect of an unauthorized signature