True/False
By indorsing an instrument,a person incurs an obligation to pay it if the person primarily liable on it fails to pay it.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q17: An instrument payable to cash:<br>A)can be negotiated
Q18: The involuntary transfer of possession of a
Q20: An indorsement that contains the signature of
Q21: The transfer of possession (whether voluntary or
Q23: An order paper can be negotiated by
Q25: A holder in due course takes a
Q26: A qualified indorsement:<br>A)changes the negotiable nature of
Q27: Which of the following statements is true
Q38: Explain the nature and meaning of an
Q48: When indorsing an instrument,the holder must spell