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Author Question: For what does an indorser of a negotiable instrument become liable? A) payment of the face amount ... (Read 91 times)

Kthamas

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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

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Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

A


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