« previous next »

Author Question: For what does an indorser of a negotiable instrument become liable? A) payment of the face amount ... (Read 104 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?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Patients should never assume they are being given the appropriate drugs. They should make sure they know which drugs are being prescribed, and always double-check that the drugs received match the prescription.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Bones of the Face and Skull (Lateral View) Bones of the Face and Skull (Lateral View)
The New Face of America The New Face of America
Fusiform Face Area and Autism Fusiform Face Area and Autism
Apply effleurage to the face using palms. Stroke bilaterally from chin to temples, lifting facial ... Apply effleurage to the face using palms. Stroke bilaterally from chin to temples, lifting facial ...
Converting enzyme activity to its amount Converting enzyme activity to its amount
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Dietary Cholesterol & LDL

For a complete list of videos, visit our video library