Multiple Choice
Opal had a check for $294 made out to her.She indorsed it with her name and gave it to Daryl who, in return, agreed to paint her living room the next Saturday.In this case:
A) Daryl is not a holder.
B) Daryl is not a holder in due course.
C) Daryl has given value for the check.
D) the check is not negotiable.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Revised Article 3 provides that the impostor
Q13: An indorsement "for deposit" is a collection
Q19: Wanda indorsed a check from her cousin by
Q20: "Pay to the order of Jose Dejesus"
Q22: In a nonconsumer transaction, a holder in
Q25: Real defenses include all but:<br>A) minority of
Q28: Horst, a holder in due course, buys
Q43: An indorsement "Pay Alice Adams" is an
Q49: The transfer of a nonnegotiable promise or
Q66: Time paper that states it is due