1.If an ATM fails to operate properly due to electrical failure, one of the defenses a

bank may use under the Electronic Funds Transfer Act is commercial impracticability.

2.A person may be liable on the basis of warranty liability even though he or she never

signs the negotiable instrument.

13.A remotely created check or pre-authorized draft requires the payor bank to confirm the

authenticity of the customer who directedthat payment be made.

14.Electronic fund transfers by consumers are governed by the UCC.

15.A traveler's check may be distinguished from a cashier's check by the fact that a traveler's check is not normally an acknowledgment of a debt drawn by the issuing institution on itself.

16.Although banks are usually not under an obligation to certify checks, the bank that does

certify a check will be considered an acceptor but will not be primarily liable.

17.If PUG Corp. gives value for a negotiable instrument pursuant to its purchase of all of the

assets of Shepard Corp., then PUG Corp. will acquire the status of a holder in due course.

18.Assume that Jane gives a check to Craig in exchange for his promise to marry her cousin

Mary,but Craig subsequently marries another woman and refuses to return the check. If Jane puts a "stop payment" order on the check before Craig negotiates the instrument to Sam who acquires the check as a holder in due course,Jane may dishonor the check.

19.Suppose that Joe executes a promissory note on behalf of his partnership, Bruce Associates in favor of Phil.If Phil later endorses the note to Sally who then endorses it to Martha , then

Martha will be entitled to present the note to Joe or any of the other partners.

20.Assume that Alan writes a check to cover a $ 300 payment to Jose, a landscaper who recently performed gardening work but Alan fails to fill in the amount of the check. If Jose

decides that his work was actually worth $ 500 and alters the check accordingly before cashing

it, then Alan will be able to compel his bank to re-credit his account for $ 200 even though the bank paid the item in good faith.