Author Question: The person who executes a promissory note is called the _____. A) acceptor B) endorser C) indoser D) ... (Read 95 times)

Mollykgkg

  • Hero Member
  • *****
  • Posts: 529
The person who executes a promissory note is called the _____.
 A) acceptor
 B) endorser
 C) indoser
 D) maker

Question 2

Tom established a bank account for his daughter Mary under the Uniform Gifts to Minors Act. Tom named himself the custodian. Later, Tom had a serious disagreement with Mary and ordered the bank to transfer the money in that account to a similar account maintained in the same bank for Tom's son Ed. The bank must:
 A) comply with Tom's order, because the custodian controls the account.
 B) refuse Tom's order, because this would clearly not be for the benefit of Mary.
 C) comply with Tom's order, because Uniform Gifts to Minors accounts are not final.
 D) comply with Tom's order if Mary is under 18 years of age and refuse the order if she is over 18 years of age.



nmyers

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

D

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

For a complete list of videos, visit our video library