ZuoTi.Pro
Question

34. When a holder makes a blank indorsement of a negotiable instrument that is bearer paper, what legal effect does this have
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Answer -

When a holder makes a blank indorsement of a negotiable instrument that is bearer paper, then the bearer negotiates it by transfer alone and no further indorsement is necessary for negotiation.

Hence, Option - (B) is Correct.

0 0
Add a comment
Know the answer?
Add Answer to:
34. When a holder makes a blank indorsement of a negotiable instrument that is bearer paper,...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 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...

  • 11. Ivy signs a check payable to Jon and gives it to him. Jon indorses the...

    11. Ivy signs a check payable to Jon and gives it to him. Jon indorses the back of the check by signing his name, and transfers the check to Ked. To negotiate the check to Luis, Ked must a. write "Ked" on the back. b. write "pay to the order of Luis [signed] Ked" on the back. c. deliver the check to Luis. d. obtain Luis's signature on the back. 12.       Rollo obtains a check payable to his order from...

  • John receives a 50,000$ check from Milton without the necessary consideration. John transfers the check to...

    John receives a 50,000$ check from Milton without the necessary consideration. John transfers the check to Paul. Paul acquired the check for value, in good faith, without any notice as to any flaws with the check, such as it being overdue, dishonored, in default, altered, and contains an unauthorized signature. Paul also obtained the check without notice of any claim of a property or possessory interest in it, without notice that any party has any defense against it or claim...

  • I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this p...

    I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT