Author Question: Maia wrote a check which said, Pay to the order of Kevin Mathews 10.97. The next line of the check ... (Read 97 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
Maia wrote a check which said, Pay to the order of Kevin Mathews 10.97. The next line of the check stated, One thousand ninety-seven Dollars. In applying the rules of interpretation, how much should the drawee pay?
 A)Nothing; when the instrument is ambiguous it is declared non-negotiable.
 B)Ten dollars and 97 cents. Numbers control over words.
 C)One thousand, ninety-seven dollars or 1,097.00. Words control over numbers.
 D)Parol evidence would be needed to determine the purpose of the check.

Question 2

A carrier is entitled to release a shipment covered by a negotiable bill of lading to a holder in possession of a clean copy of the bill of lading only if the holder also presents a written guarantee of ownership.
  Indicate whether the statement is true or false



allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

C

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library