Multiple Choice
Which of the following statements is true of contractual liability on negotiable instruments?
A) It can arise even when a person has not signed the negotiable instrument.
B) It cannot arise when a person has authorized someone else to sign the negotiable instrument.
C) It can arise from negligence relating to the issuance.
D) It cannot arise from improper payment.
Correct Answer:
Verified
Correct Answer:
Verified
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