Question

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?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

5. BEARER PAPER IS NEGOTIATED TO A PERSON TAKING POSSESSION OF IT WITHOUT REGARD TO WHETHER SUCH POSSESSION IS LAWFUL.

6.INDORSEMENT AND TRANSFER OF POSSESSION CAN ONLY BE MADE BY THE PERSON TO WHOM THE INSTRUMENT IS THEN PAYABLE OR BY AN AUTHORIZED AGENT OF THAT PERSON.

7.MULTIPLE PAYEES. THE INDORSMENT OF BOTH NANCY JONES AND RICK WEBBER ARE REQUIRED FOR NEGOTIATION.

8.ALTERNATIVE PAYEES. THE INDPRSEMENT OF EITHER NANCY JONES OR RICK WEBBER IS REQUIRED FOR NEGOTIATION.

Add a comment
Know the answer?
Add Answer to:
5. What is the effect of having a bearer instrument stolen? 6. What is the effect...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

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...

  • what change in pH has greater effect on proton concentration? pH from 7 to 6 or...

    what change in pH has greater effect on proton concentration? pH from 7 to 6 or pH from 7 to 8? I'm thinking that both changes effect the proton concentration equally but in opposite directions in that moving from pH 7 to 6 would be similar to dividing the concentration of protons by 10, while moving from 7 to 8 would be the equivalent of multiplying the concentration of protons by 10.   Thank you for the help

  • Please help me with 15.7-15.8 15-7 Holding all else constant, what effect would the following have...

    Please help me with 15.7-15.8 15-7 Holding all else constant, what effect would the following have on a company's P/E ratio? (highlight answer, delete others) (COME BACK) a. An increase in expected growth rate of earnings. Up Down No change b. A decrease in expected dividend payout ratio. Up Down No change c. An increase in the risk-free rate of return. Up Down No change d. An increase in the risk premium. Up Down No change e. A decrease in...

  • LIABILITY SITUATIONS Review each of the following scenarios. Determine: 1. If liability exists 2. Who would...

    LIABILITY SITUATIONS Review each of the following scenarios. Determine: 1. If liability exists 2. Who would be held liable 3. What action, if any, should be taken ​ 1. Amy H. RHIT, works at the Release of Information desk at Goodwill Hospital. In a hurry one day, she gave out information without a valid authorization. 2. Ben B. is unhappy with the way his broken left wrist healed. He states that the bone does not feel right and he experiences...

  • 5) The Keq for the equilibrium below is 0.112 at 700.0°C S02 (8) 20269) 503 (Ⓡ) What is the value of Keq at this...

    5) The Keq for the equilibrium below is 0.112 at 700.0°C S02 (8) 20269) 503 (Ⓡ) What is the value of Keq at this temperature for the following reaction? 1502(e) +40268) 2 03 () A) 5.60 10-2 B) 3.35 x 10-1 C) 1.79 101 D) 0.112 E) 2.99 6) The addition of HCl and to water produces a buffer solution. A) KOH B) HNO3 C) NH3 D) HC6H5OE) KNO3 7) The rate law for a reaction is rate = k[A][B]...

  • 5) The Keq for the equilibrium below is 0.112 at 700.0°C 902 (8) 2020) 2503 (8) What is the value of Keq at this te...

    5) The Keq for the equilibrium below is 0.112 at 700.0°C 902 (8) 2020) 2503 (8) What is the value of Keq at this temperature for the following reaction? 1502(e) +40268) 2.03 (8) A) 5.60 x 10-2 B) 3.35 x 10-1 C) 1.79 101 D) 0.112 E) 2.99 6) The addition of HCl and to water produces a buffer solution. A) KOH B) HNO3 C) NH3 D) HC6H5OE) KNO3 7) The rate law for a reaction is ratek[A][B] Which one...

  • 6. decision on accepting additional business 7. decision on accepting additional business Decsion on Accepting Additional...

    6. decision on accepting additional business 7. decision on accepting additional business Decsion on Accepting Additional Business Down Home Jeans Co. has an annual plant capacity of 65,000 units, and current production is 45,700 units. Monthly fixed costs are $40,900, and variable costs are $25 per unit. The present selling price is $37 per unit. On November 12 of the current year, the company received an offer from Fields Company for 15,000 units of the product at $27 each. Fields...

  • I just help with part D. I am having a tough time understanding what I need...

    I just help with part D. I am having a tough time understanding what I need to do, if you could explain it clearly that would be much appreciated! Thank you! (Measuring growth) Solarpower Systems earned $20 per share at the beginning of the year and paid out $9 in dividends to shareholders (so, Do = $9) and retained $11 to invest in new projects with an expected return on equity of 21 percent. In the future, Solarpower expects to...

  • Question 5 What effect would a decrease in temperature have on pressure, assuming that volume (T)...

    Question 5 What effect would a decrease in temperature have on pressure, assuming that volume (T) and moles of gas (n) are kept constant? Group of answer choices Pressure would decrease. Pressure would stay the same regardless of a change in temperature. Pressure would increase Question 6 Which temperature scale has NO negative values? Group of answer choices Farenheit Digital Kelvin Celcius Question 7 Calculate the number of moles of gas with a volume of 35.0 L at a temperature...

  • asap clearly pls Chapter 18 For each of the following independent situations, assume that any amounts...

    asap clearly pls Chapter 18 For each of the following independent situations, assume that any amounts would be material (1) Indicate the TYPE of appropriate audit report; A. unqualified, B. qualified or adverse, C. qualified or disclaimer, D. Disclaimer, E. Qualified only, or F. Other. INDICATE the situation involved, Le. "Accounting situation", and DISCUSS the situation. (1) State whether an explanatory paragraph (i.e. PCAOB audit] would be included, and if so, what would be included in the explanatory paragraph. (H)...

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