Author Question: Which rule states that if someone issues an instrument to a person who does not exist, then any ... (Read 56 times)

vHAUNG6011 · **on:** Jun 24, 2018

Which rule states that if someone issues an instrument to a person who does not exist, then any indorsement in the name of the payee is valid as long as the person who pays the instrument does not know of the fraud?
A)The Imposter Rule
B)The Indorsement Rule
C)The Conversion Rule
D)The Fictitious Payee Rule

Question 2

According to Incoterms, the trade term that represents the maximum responsibility of the seller is:
A) Carriage and Insurance Paid To.
B) Delivered Duty Paid.
C) Ex Works.
D) Delivered at Frontier.
E)None of the above.