The payee has no rights in an instrument until the drawer or the ...

[Cooldude101]

The payee has no rights in an instrument until the drawer or the maker has delivered it to the payee.
  Indicate whether the statement is true or false

Question 2

Refer back to 59, where the property is sold for 80,000, who makes up the difference between what the sale brings and the amount due on the mortgage?
 A)No one, if there is an antideficiency statute
 B)The Tesslers will owe it plus the expenses if there is an antideficiency judgment
 C)The original mortgagee can recover from the secondary mortgagee
 D)None of the above

[ong527]

Answer to Question 1

TRUE

Answer to Question 2

A