Author Question: Maia wrote a check which said, Pay to the order of Kevin Mathews 10.97. The next line of the check ... (Read 40 times)

KWilfred

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Maia wrote a check which said, Pay to the order of Kevin Mathews 10.97. The next line of the check stated, One thousand ninety-seven Dollars. In applying the rules of interpretation, how much should the drawee pay?
 A)Nothing; when the instrument is ambiguous it is declared non-negotiable.
 B)Ten dollars and 97 cents. Numbers control over words.
 C)One thousand, ninety-seven dollars or 1,097.00. Words control over numbers.
 D)Parol evidence would be needed to determine the purpose of the check.

Question 2

A carrier is entitled to release a shipment covered by a negotiable bill of lading to a holder in possession of a clean copy of the bill of lading only if the holder also presents a written guarantee of ownership.
  Indicate whether the statement is true or false



allisonblackmore

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Answer to Question 1

C

Answer to Question 2

FALSE



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