Multiple Choice
If a lost instrument is order paper, the finder __________.
A) becomes the assignee of the instrument.
B) becomes the owner of the instrument.
C) becomes the holder of the instrument.
D) does not become the holder of the instrument.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q31: Coppersmith executed and delivered negotiable notes to
Q32: When the name of the payee is
Q33: When a negotiable instrument is negotiated by
Q34: An instrument can be delivered by constructive
Q35: Under the UCC, a negotiation is not
Q37: A blank indorsement turns a(n) _instrument into
Q38: A blank indorsement indicates the person to
Q39: The transferring of an instrument in such
Q40: A _ indorsement consists of the signature
Q41: The order or bearer character of a