Multiple Choice
Tim contracts with Home Dairy to deliver a bottle of milk to Tim's house every day.Home Dairy assigns Tim's contract to Mother Dairy.Tim is notified of the change and continues to get his daily bottle of milk.His contract is now with Mother Dairy.In this instance,Mother Dairy is the:
A) assignee.
B) beneficiary.
C) holder in due course.
D) assignor.
Correct Answer:
Verified
Correct Answer:
Verified
Q42: Which of the following statements about commercial
Q43: A typed or rubber-stamped signature is sufficient
Q44: Why does negotiability matter? Hint: To what
Q45: Jill takes a loan from a bank.She
Q46: A cashier's check is a check on
Q48: A check is NOT negotiable if it:<br>A)reads
Q49: Which of the following authorizes a creditor
Q50: If an instrument is negotiable,the general rules
Q51: A promissory note is a credit instrument.
Q52: Susie Q,business manager of Pizza Uno,sends a