Author Question: Maia wrote a check which said, Pay to the order of Kevin Mathews 10.97. The next line of the check ... (Read 28 times)

KWilfred

  • Hero Member
  • *****
  • Posts: 570
Maia wrote a check which said, Pay to the order of Kevin Mathews 10.97. The next line of the check stated, One thousand ninety-seven Dollars. In applying the rules of interpretation, how much should the drawee pay?
 A)Nothing; when the instrument is ambiguous it is declared non-negotiable.
 B)Ten dollars and 97 cents. Numbers control over words.
 C)One thousand, ninety-seven dollars or 1,097.00. Words control over numbers.
 D)Parol evidence would be needed to determine the purpose of the check.

Question 2

A carrier is entitled to release a shipment covered by a negotiable bill of lading to a holder in possession of a clean copy of the bill of lading only if the holder also presents a written guarantee of ownership.
  Indicate whether the statement is true or false



allisonblackmore

  • Sr. Member
  • ****
  • Posts: 330
Answer to Question 1

C

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

For a complete list of videos, visit our video library