« previous next »

Author Question: For what does an indorser of a negotiable instrument become liable? A) payment of the face amount ... (Read 95 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
on: Jun 24, 2018
For what does an indorser of a negotiable instrument become liable?
 A) payment of the face amount and certain warranties
 B) stated interest payable from the date of the indorsement
 C) nothing; only the maker of an instrument is liable
 D)any amounts not paid by the indorser's own bank

Question 2

The rights of a holder of a warehouse receipt depend on whether the receipt is:
 A) negotiable.
 B) rescissory.
 C) notarized as a document of title.
 D) notarized as a bill of lading.


raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Vasectomy. (a) Vas deferens is located within the spermatic cord on both sides. (b) A small incision Vasectomy. (a) Vas deferens is located within the spermatic cord on both sides. (b) A small incision
Nebulizer. The nebulizer converts a liquid medication to a mist that is easily inhaled. A face mask, Nebulizer. The nebulizer converts a liquid medication to a mist that is easily inhaled. A face mask,
Face from flowers Face from flowers
Devices used to deliver respiratory drugs: (b) nebulizer with face Devices used to deliver respiratory drugs: (b) nebulizer with face
Cross-sectional data showing that the amount of effort spent on personal health care increases with Cross-sectional data showing that the amount of effort spent on personal health care increases with
A demonstration engine showing the amount of water that can be circulated through the cooling ... A demonstration engine showing the amount of water that can be circulated through the cooling ...
Video: Negative Feedback Regulation of Blood Pressure

For a complete list of videos, visit our video library