Multiple Choice
Which of the following is true regarding Nate's rights in relation to the check?
A) As a holder in due course,Nate may demand payment from either Graciela,Annie,or Marney.
B) As a holder,Nate may demand payment from either Graciela,Annie,or Marney.
C) Nate may not demand payment from either Graciela,Annie,or Marney.
D) As a holder in due course,Nate may demand payment from either Graciela or Annie,but not Marney.
E) As a holder,Nate may demand payment from either Graciela or Annie,but not Marney.
Correct Answer:

Verified
Correct Answer:
Verified
Q16: For negotiation,which of the following types of
Q17: What is the effect of an unqualified,blank
Q18: An endorsement to prohibit further endorsement prohibits
Q20: A payee may not be a holder
Q20: A party cannot be a holder in
Q22: An endorsement that restricts the instrument such
Q23: Which statement is true regarding the requirement
Q24: Which of the following does the UCC
Q25: A holder in due course may be
Q26: When an instrument is payable to joint