Multiple Choice
If the instrument is order paper, how can a person become a holder?
A) Its indorsement by the appropriate parties.
B) Transfer of its possession.
C) Both a t ransfer of its possession and it s indorsement by the appropriate parties are necessary.
D) None of these.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: To acquire the preferential rights of a
Q24: Sharp Finance Company has furnished Keith with
Q28: Michael issues a check to Paula. She
Q54: Indorsements with ineffective restrictions include which of
Q55: The case, State of Qatar v.First American
Q57: Marty Sandidge wrote a check payable to
Q61: The Code provides an exception to the
Q63: A negotiation may be valid to transfer
Q64: Personal defenses include all but:<br>A) breach of
Q68: The requirements for negotiation are the same