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 for the benefit of a third party or for a purpose that the transferor of the asset has given him.
• Question 14
The Paris Union Convention has harmonized the protection of industrial property in different nations.
• Question 15
The "trust" or trust is the legal situation by which the same good is administered by the owner and enjoyed by the beneficiary.
• Question 16
A negotiable instrument (value security) is a document that represents a credit and can not be negotiated.
• Question 17
The Uniform Commercial Code of E.U. It consists of federal trade laws and has the purpose of uniforming the different state laws of commerce.
• Question 18
The Reason rule is used to analyze agreements and practices that are so obviously anti-competitive, that an elaborate study is not necessary to conclude that they are illegal.
• Question 19
It is the federal executive body, and not the legislative body, that has the power to conclude international treaties.
• Question 20
A check is an example of a negotiable instrument of the promissory note modality.
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TRUE OR FALSE • Question 11 The holder or bearer of the negotiable instrument may demand...
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...
Please read the article and answer about questions. You and the Law Business and law are inseparable. For B-Money, the two predictably merged when he was negotiat- ing a deal for his tracks. At other times, the merger is unpredictable, like when your business faces an unexpected auto accident, product recall, or government regulation change. In either type of situation, when business owners know the law, they can better protect themselves and sometimes even avoid the problems completely. This chapter...