Author Question: A(n) ______ is one whose identity is known by the third party at the time a contract is entered into ... (Read 108 times)

abc

  • Hero Member
  • *****
  • Posts: 543
A(n) ______ is one whose identity is known by the third party at the time a contract is entered into with an agent.
 a. undisclosed principal
  b. clear principal
  c. specific principal
  d. legitimate principal
  e. none of the other choices are correct

Question 2

Hand executed and delivered to Rex a 1,000 negotiable note payable to Rex or bearer. Rex then negotiated it to Ford and indorsed it on the back by merely signing his name. Which of the following is a correct statement?
 a. Rex's indorsement was a special indorsement.
  b. Rex's indorsement was necessary to Ford's qualification as a holder.
  c. The instrument initially being bearer paper cannot be converted to order paper.
  d. The instrument is bearer paper, and Ford can convert it to order paper by writing pay to the order of Ford above Rex's signature.



ally

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

e

Answer to Question 2

.D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library