Multiple Choice
Conversion of an instrument:
A) is an authorized assumption and exercise of ownership over it.
B) may occur if a person pays an instrument on a forged indorsement.
C) differs from conversion of personal property with respect to the applicable laws.
D) occurs only if it lacks indorsement necessary for negotiation.
Correct Answer:
Verified
Correct Answer:
Verified
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Q26: A non-indorsing transferor:<br>A)makes all five transferor's warranties
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Q31: The obligation of the maker is owed:<br>A)to
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