Multiple Choice
With respect to instruments,"responsibility" means the authority:
A) to access instruments in incoming or outgoing mails.
B) to process instruments for issue in the name of fictitious payees.
C) to prepare or process instruments for issue in the name of the employer.
D) to have access to instruments in storage.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: A material change in a negotiable instrument
Q10: Who is primarily liable on a check
Q11: The acceptor's obligation:<br>A)extends to a person entitled
Q12: An indorsing transferor makes all five transfer
Q15: Liability on negotiable instruments flows from:<br>A)proper payment
Q16: Larry signed a note to the Bank,and
Q17: Under the Revised Article 3 rules for
Q18: Tim stole from Wes a check payable
Q19: A nonindorsing transferor makes all five transfer
Q45: Warranties do not depend on presentment,dishonor,and notice