Multiple Choice
Bing signs a note payable to the order of Cameron.Cameron indorses the note and gives it to Daphne as payment for a debt.Daphne presents it to Bing,who pays it.Bing's payment discharges
A) all of the parties.
B) only Bing.
C) only Cameron.
D) only Daphne.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Ian transfers a note,for consideration,to Jock by
Q24: A signature can be made by use
Q26: Signature liability is contingent liability.
Q27: Personal defenses are used to avoid payment
Q29: A drawer's liability does not arise until
Q30: Chris convinces Dion,who does not understand English,to
Q31: Opalina asks Paolo,who does not understand English,to
Q32: Ethel signs a note "payable to the
Q33: Warranty liability is subject to the conditions
Q36: An authorized agent binds a principal on