This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements regarding instrument liability is TRUE? A)The holder of an ... (Read 48 times)

Kthamas

  • Hero Member
  • *****
  • Posts: 546
Which of the following statements regarding instrument liability is TRUE?
 A)The holder of an instrument must first ask for payment from those who are secondarily liable.
 B)For any given instrument, only one person can be liable at a time.
 C)A person with primary liability is unconditionally liable and must pay unless he or she has a valid defense.
 D)A person with secondary liability has the same liability to the holder as a person with primary liability.

Question 2

The purpose of the bill of lading is to:
 A) transfer title of the goods to the freight forwarder.
 B) prevent shipping delays.
 C) enable the seller to transfer title of the goods to the buyer and receive payment.
 D) none of the above.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mjbamaung

  • Sr. Member
  • ****
  • Posts: 343
Answer to Question 1

C

Answer to Question 2

C




Kthamas

  • Member
  • Posts: 546
Reply 2 on: Jun 24, 2018
:D TYSM


chereeb

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

For a complete list of videos, visit our video library