Author Question: Lance indorses a promissory note to Connie in exchange for consideration. Unknown to Lance, the note ... (Read 93 times)

swpotter12 · **on:** Jun 24, 2018

Lance indorses a promissory note to Connie in exchange for consideration. Unknown to Lance, the note is not good because the maker's signature was forged. Connie later attempts to present the instrument for payment to the original alleged maker, Lilly, who is able to deny liability for payment due to the forged signature. Connie may later sue Lance for breach of a transfer warranty.
Indicate whether the statement is true or false

Question 2

A clean bill of lading does not guarantee that the goods are without damage even during the voyage to the buyer.
Indicate whether the statement is true or false