This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements regarding instrument liability is TRUE? A)The holder of an ... (Read 30 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 24, 2018
Which of the following statements regarding instrument liability is TRUE?
 A)The holder of an instrument must first ask for payment from those who are secondarily liable.
 B)For any given instrument, only one person can be liable at a time.
 C)A person with primary liability is unconditionally liable and must pay unless he or she has a valid defense.
 D)A person with secondary liability has the same liability to the holder as a person with primary liability.

Question 2

The purpose of the bill of lading is to:
 A) transfer title of the goods to the freight forwarder.
 B) prevent shipping delays.
 C) enable the seller to transfer title of the goods to the buyer and receive payment.
 D) none of the above.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

C


Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 24, 2018
:D TYSM

Dominic

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Apparent and True Orbits of Alpha Centauri. Apparent and True Orbits of Alpha Centauri.
True Friendship True Friendship
A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Urological instruments: needle holder. Urological instruments: needle holder.
How to convert verbal statements into algebraic equations (Part 1) How to convert verbal statements into algebraic equations (Part 1)
Video: Bone cells and tissues - tissue composition and cells

For a complete list of videos, visit our video library