Multiple Choice
Which statement is true regarding negotiation of an instrument?
A) Negotiation of an order instrument is by endorsement plus delivery,while negotiation of a bearer instrument is by delivery alone.
B) Negotiation of a bearer instrument is by endorsement plus delivery,while negotiation of an order instrument is by delivery alone.
C) Negotiation of both an order instrument and bearer instrument is by delivery alone.
D) Negotiation of both an order instrument and a bearer instrument requires both delivery and an additional three days to allow for bank clearance.
E) Negotiation of both an order instrument and bearer instrument require endorsement plus delivery.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: What does the banking term "float" reference?<br>A)The
Q13: Which of the following is true regarding
Q14: A check is always a[n] _ instrument
Q15: Negotiable instruments payable to whoever is bearing
Q16: With a[n] _ instrument,the payee or subsequent
Q18: [Auto Repair] Sam writes a check from
Q19: Which of the following is assumed by
Q20: The ancient _,or law of merchants,of _
Q21: Which Article of the UCC governs negotiable
Q22: An oral negotiable instrument is not permitted