Multiple Choice
Which of the following is not considered when determining a reasonable time in which a demand instrument is due?
A) Nature of the instrument
B) Trade or bank usage
C) A party's individual circumstances
D) Facts of the particular case
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A(n)_ is a person who signs a
Q2: Secondary liability is a _ liability.<br>A)warranty<br>B)contingent<br>C)transfer<br>D)accidental
Q4: "Responsibility" with respect to instruments includes:<br>A)those who
Q5: What section of the UCC addresses enforcement
Q6: The transferor of which of the following
Q7: The obligation of an acceptor is:<br>A)to make
Q8: How can an indorser avoid secondary liability?<br>A)Ensure
Q9: The rationale for the impostor rule is
Q10: Jeff loans his childhood friend Dave $5,000.Dave
Q11: An indorser to a negotiable instrument is