If an instrument is nonnegotiable, the rights of the parties are ...

[wrbasek0]

If an instrument is nonnegotiable, the rights of the parties are governed by the general principles of contract law.
  Indicate whether the statement is true or false

Question 2

What is the purpose of QMR?
 A)To be sure that mortgage originators practice good lending and verification processes
 B)To be sure that there is a qualifying mortgage rate for every borrower
 C)To hold mortgage originators liable for the failure to issue Section 32 mortgages
 D)To be certain that mortgages can be sold in the secondary market

[macagnavarro]

Answer to Question 1

TRUE

Answer to Question 2

A

[wrbasek0]

Excellent

[scottmt]

Gracias!