Multiple Choice
Which of the following will discharge an instrument?
A) John asks Bev,an employee,to take money to the bank to pay off a note,but she keeps the money instead.
B) Two people make an oral agreement to discharge.
C) Chet accidentally leaves a check in his pocket and it is destroyed in the washing machine.
D) The terms of the instrument are intentionally changed.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The accidental destruction of a negotiable instrument
Q2: An indorser who writes "without recourse" next
Q3: Mack writes a check to his maid,Marianne,in
Q4: List and explain the five different ways
Q5: Lance indorses a promissory note to Connie
Q7: Drawers and indorsers are secondarily liable on
Q8: When signing a company check,an agent must
Q9: Nelson writes Leah a check for mowing
Q10: Explain when presentment warranties apply.Identify the presentment
Q11: Which of the following statements regarding instrument