This topic contains a solution. Click here to go to the answer

Author Question: A holder of a negotiable instrument is: A) Anyone who is in possession of a bearer instrument or ... (Read 129 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
A holder of a negotiable instrument is:
 
  A) Anyone who is in possession of a bearer instrument or anyone who is in possession of an
  instrument payable to that person.
  B) Anyone who is rightfully in possession of an instrument.
  C) Anyone who has possession of an instrument.
  D) Anyone who is in possession of an instrument payable to that person.
  E) Anyone who is in possession of an instrument payable to that person if the person has
  indorsed the instrument.

Question 2

What effect can indorsements have on the character of negotiable instruments?
 
  A) Indorsements can convert order paper to bearer paper, but not vice versa.
  B) Indorsements can convert bearer paper to order paper, but not vice versa.
  C) Indorsements can convert order paper to bearer paper, and can convert bearer paper to
  order paper, so long as the instrument expressly allows such conversions.
  D) Indorsements can convert order paper to bearer paper, and can convert bearer paper to
  order paper.
  E) Indorsement cannot change either bearer or order paper to the other classication.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

babybsemail

  • Sr. Member
  • ****
  • Posts: 304
Answer to Question 1

A

Answer to Question 2

D




CharlieWard

  • Member
  • Posts: 578
Reply 2 on: Jun 24, 2018
Wow, this really help


amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

For a complete list of videos, visit our video library