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Author Question: Which rule states that if someone issues an instrument to a person who does not exist, then any ... (Read 76 times)

vHAUNG6011

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on: Jun 24, 2018
Which rule states that if someone issues an instrument to a person who does not exist, then any indorsement in the name of the payee is valid as long as the person who pays the instrument does not know of the fraud?
 A)The Imposter Rule
 B)The Indorsement Rule
 C)The Conversion Rule
 D)The Fictitious Payee Rule

Question 2

According to Incoterms, the trade term that represents the maximum responsibility of the seller is:
 A) Carriage and Insurance Paid To.
 B) Delivered Duty Paid.
 C) Ex Works.
 D) Delivered at Frontier.
 E)None of the above.


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yifu223

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

D

Answer to Question 2

B


vHAUNG6011

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

kusterl

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Reply 3 on: Yesterday
:D TYSM

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