Homework Answers
| FALSE | ||||||||||
| An instrument payable to the order of an identified person is an order instrument | ||||||||||
| An instrument payable to the holder of instrument is a bearer instrument.It does not mention the payee on the instrument. | ||||||||||
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An instrument payable to the order of an identified person is a bearer instrument. True False
TRUE OR FALSE • Question 11 The holder or bearer of the negotiable instrument may demand...
TRUE OR FALSE • Question 11 The holder or bearer of the negotiable instrument may demand from the debtor the benefit indicated in the document, whether or not the owner of the instrument. • Question 12 The principle of limited liability of the corporation means that the corporation is an entity with its own responsibility and separate from that of the shareholders with respect to the creditors. • Question 13 The trustee or trustee is obliged to administer the trust...
QUESTION 16 A post-dated check is a negotiable instrument. True False 3 points QUE...
QUESTION 16 A post-dated check is a negotiable instrument. True False 3 points QUESTION 17 A bank that certifies (in other words, accepts) a check has what type of liability for the payment of the check? A. Secondary. B. Accommodation liability. C. Primary. D. None. 3 points QUESTION 18 Real defenses, in the context of negotiable instruments, include A. duress that makes the contract void. B. illegality that makes the contract void. C. discharge in bankruptcy. D. all of the...
34. When a holder makes a blank indorsement of a negotiable instrument that is bearer paper,...
34. When a holder makes a blank indorsement of a negotiable instrument that is bearer paper, what legal effect does this have? A. There is no effect-bearer paper does not need to be indorsed B. The bearer negotiates it by transfer alone and no further indorsement is necessary for negotiation. C. The instrument is no longer negotiable, as it has been altered. D. The instrument is converted into order paper. hent le pod against a holder in due course of...
5. What is the effect of having a bearer instrument stolen? 6. What is the effect...
5. What is the effect of having a bearer instrument stolen? 6. What is the effect of having an order instrument stolen? 7. A check is written to Nancy Jones and Rick Webber, is this a multiple or alternative payee situation and what is required for a proper indorsement in this case? 8. How would your answer for #7 change if the check was written to Nancy Jones or Rick Webber?
Part 1 - True or False - Circle the correct answer for each question. (1 point...
Part 1 - True or False - Circle the correct answer for each question. (1 point each). 1. T F The location of a maker's signature on a promissory note affects its enforceability and negotiability. A note payable, "Sixty days after Maker's death," is negotiable under the U.C.C. 2. TF 3. TF Commercial paper made payable "to order of cash" is a bearer instrument. 4. I F A finder of lost bearer commercial paper can become a holder. 5. TF...
Which of the following statements about endorsements of negotiable instruments is FALSE? a) An endorsement is...
Which of the following statements about endorsements of negotiable instruments is FALSE? a) An endorsement is required to negotiate bearer paper b) An endorsement is required to negotiable order paper c) The endorser cannot use a special endorsement to negotiate only a portion of the instrument d) an endorsement is not required to negotiate bearer paper
Alicia wants to impress her new in-laws by making a large donation to charity. She signs...
Alicia wants to impress her new in-laws by making a large donation to charity. She signs an instrument payable to the order of The Arzana Association for the Preservation of American Heritage, knowing full well there is no such organization. The instrument a. is payable to any charity. b. is an order instrument. c. is a bearer instrument. d. is neither a bearer nor an order instrument.
Being a technical person explain which instrument is used to measuring voltage, current, resistance, testing transistors,...
Being a technical person explain which instrument is used to measuring voltage, current, resistance, testing transistors, capacitors and for checking continuity of wires and fuses. Explain the identified instrument with working principle, operation and types with neat diagram
True or false?: Brock admits that euthanasia is the deliberate killing of an innocent person, but...
True or false?: Brock admits that euthanasia is the deliberate killing of an innocent person, but he denies that the deliberate killing of an innocent person is always wrong. True False
4. True/False. You must explain your answers to get full credit a. An instrument is a good soluti...
4. True/False. You must explain your answers to get full credit a. An instrument is a good solution for estimation when a researcher lacks data on X. b. If a researcher has two individually valid instruments for the same endogenous regressor, his estimator will be inconsistent
4. True/False. You must explain your answers to get full credit a. An instrument is a good solution for estimation when a researcher lacks data on X. b. If a researcher has two individually...
34. When a holder makes a blank indorsement of a negotiable instrument that is bearer paper, what legal effect does this have? A. There is no effect-bearer paper does not need to be indorsed B. The bearer negotiates it by transfer alone and no further indorsement is necessary for negotiation. C. The instrument is no longer negotiable, as it has been altered. D. The instrument is converted into order paper. hent le pod against a holder in due course of...
Part 1 - True or False - Circle the correct answer for each question. (1 point each). 1. T F The location of a maker's signature on a promissory note affects its enforceability and negotiability. A note payable, "Sixty days after Maker's death," is negotiable under the U.C.C. 2. TF 3. TF Commercial paper made payable "to order of cash" is a bearer instrument. 4. I F A finder of lost bearer commercial paper can become a holder. 5. TF...
Being a technical person explain which instrument is used to measuring voltage, current, resistance, testing transistors, capacitors and for checking continuity of wires and fuses. Explain the identified instrument with working principle, operation and types with neat diagram
4. True/False. You must explain your answers to get full credit a. An instrument is a good solution for estimation when a researcher lacks data on X. b. If a researcher has two individually valid instruments for the same endogenous regressor, his estimator will be inconsistent
4. True/False. You must explain your answers to get full credit a. An instrument is a good solution for estimation when a researcher lacks data on X. b. If a researcher has two individually...
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