Multiple Choice
Chris convinces Dion,who does not understand English,to sign a $1,000 note that Dion believes is an application for a credit card.Chris negotiates the note to EZ Finance Company.Dion
A) can avoid payment on the note even if EZ is an HDC.
B) can avoid payment on the note only if EZ is a holder.
C) must pay EZ the amount that it paid for the note.
D) must pay the note in full.
Correct Answer:

Verified
Correct Answer:
Verified
Q26: Signature liability is contingent liability.
Q27: Personal defenses are used to avoid payment
Q28: Bing signs a note payable to the
Q29: A drawer's liability does not arise until
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
Q35: Dale issues a check for $4,000,dated June
Q36: An authorized agent binds a principal on
Q65: Transfer of an order instrument by indorsement