Author Question: The payee has no rights in an instrument until the drawer or the maker has delivered it to the ... (Read 63 times)

Cooldude101

  • Hero Member
  • *****
  • Posts: 557
The payee has no rights in an instrument until the drawer or the maker has delivered it to the payee.
  Indicate whether the statement is true or false

Question 2

Refer back to 59, where the property is sold for 80,000, who makes up the difference between what the sale brings and the amount due on the mortgage?
 A)No one, if there is an antideficiency statute
 B)The Tesslers will owe it plus the expenses if there is an antideficiency judgment
 C)The original mortgagee can recover from the secondary mortgagee
 D)None of the above



ong527

  • Sr. Member
  • ****
  • Posts: 285
Answer to Question 1

TRUE

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

For a complete list of videos, visit our video library