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Author Question: Which of the following is true regarding the negotiator of bearer paper? A) The negotiator is not ... (Read 157 times)

james9437

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on: Jun 24, 2018
Which of the following is true regarding the negotiator of bearer paper?
 A) The negotiator is not liable to the immediate transferee as a warrantor of the genuineness of the instrument.
 B) One who negotiates a bearer instrument by delivery alone does not guarantee payment.
 C) The negotiator must indorse a bearer paper when he negotiates it.
 D)The mere delivery by the negotiator of a bearer paper does not change title.

Question 2

A purchaser of a nonnegotiable warehouse receipt:
 A) receives no implied warranties.
 B) may acquire rights superior to those of the transferor.
 C) acquires only the title and the rights the transferor had authority to transfer.
 D) may be considered to have the rights of a holder in due course.


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karmakat49

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

C


james9437

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

bblaney

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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