Question
An unqualified endorser of any negotiable instrument engages that (s)he A. Will pay the instrument when it comes due. B. Has secondary liability to the
An unqualified endorser of any negotiable instrument engages that (s)he A. Will pay the instrument when it comes due. B. Has secondary liability to the holder or any endorser. C.Has primary liability to the holder or any endorser D. Will pay the instrument after dishonor and any necessary notice. an instrument is negotiable order paper when it is payable to the order of A. cash B. bearer C. a specified person D. a specified person or bearer, and the bearer words are handwritten Anderson was the original holder of a 1-year note payable to the order of Anderson. In need of cash, Anderson signed it on the back and delivered it to Mable in exchange for cash. This action by Anderson is called A. Discharge B. Presentment C. Allonge D. Negotiation
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started