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

Author Question: If a check is made payable to Paolo, and Paolo signs on the back of the check, Paolo is: A) the ... (Read 167 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
on: Jun 24, 2018
If a check is made payable to Paolo, and Paolo signs on the back of the check, Paolo is:
 A) the payee and the indorser.
 B)the drawee and the indorser.
 C)the payee and the endorsee.
 D) only the indorser.

Question 2

John Blackburn sold his property to Wilma Snyder for 95,000. Wilma paid 25,000 cash and assumed Blackburn's 70,000 mortgage. Six months after moving in, Wilma defaulted. What is John's liability?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Jossy

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

John remains liable. Mortgagee can choose to foreclose on the property.


kodithompson

  • Member
  • Posts: 566
Reply 2 on: Jun 24, 2018
Excellent

amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

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?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Factors affecting vital signs of older adults Factors affecting vital signs of older adults
Glowing Base Of Tree Made By Arranging Leaves Glowing Base Of Tree Made By Arranging Leaves
Possible causes and warning signs of cancer. Possible causes and warning signs of cancer.
A technician-made adapter used to test exhaust system back pressure. A technician-made adapter used to test exhaust system back pressure.
When checking a waste spark-type ignition system, check that the secondary wires are attached to the ... When checking a waste spark-type ignition system, check that the secondary wires are attached to the ...
Common Signs and Symptoms of Respiratory Diseases Common Signs and Symptoms of Respiratory Diseases
Video: Oxygen - hemoglobin dissociation curve & Hemoglobin's affinity with oxygen - acidity

For a complete list of videos, visit our video library