Multiple Choice
________ is defined to mean "a signature (other than that of a maker,drawer or acceptor) that alone or accompanied by other words,is made on an instrument for purpose of (i) negotiating the instrument,(ii) restricting payment of the instrument,or (iii) incurring indorser's liability on the instrument."
A) Indemnification
B) Recoupment
C) Indorsement
D) Ratification
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Which of the following is a personal
Q20: _ indorsements are those when an indorser
Q21: If a negotiable instrument is payable on
Q22: Which of the following indorsements is a
Q23: The negotiation of an instrument made in
Q25: A _ indorsement contains the signature of
Q26: With limited exceptions,a _ indorsement is not
Q27: What are the three significant effects resulting
Q28: Under the most modern revision to Article
Q29: In general,the alteration of a completed negotiable