BUIS LAW
Question 13 Silver Corn.sold 20 tons of steel to River Corp with payment to be by River's check. The price of steel was fluctuating daily, Silver requested that the amount of River's check belt blank and Silver would fill in the current market price. River complied with Silver's requestWithin two days Silver received River's check. Although the market price of 20 tons of steel at the time Silver received River's check was $80.000 Silverted in the check for $100.000 and negotiated it to Hatch Comp Hatch took the check in good faith without notice of Silver's act or any other debere, and in payment of an antecedent de River will Not bebeto Hatch because the check was materially altered by Silver Not be liable to Hatch because Hatched to give value when it acquired the check from Silver Beliable to Hatch for $100.000 Beliable to Hatch but only for $80.000 Question 14 Salbrings a stale check this bank on me 1.200 The check e d September 2002 The bank cannot pay the check must pay the check the properly payable may pay the check it in good tih cannot pay the check since it is certified Question 15 Proto Delo write check on Bank checking out for $1.00 able to Department of lines Coffee pay for his weekly members and to his college Carol Bob does not place decimal point after the nor does the complete the line ending in dollars Carol knowing that Bobca w afford prints in black letters the words 'One Hundred on the line ending in dollars Carol the gives the check to Dot, the Department secretary who is in chart of the Coffee Dot presents the check to Big Bank for payment and B Bank changes $100 from Boscount. Which of the following statement is most accurate? B o unt must be recredited 0900 Robot m ercredited $100.00 Bombered from camino a t the check should not be charged to Boldaduty to place a n der on the check count the check is disqualified as a negotiable Instrument, unless Abdull's Intent is ascertained. Question 4 2 pts Svetlana gives a check payable to the order of Hillary Fleming' to a shopkeeper for some home ware. Here, the check would be considered as negotiated only upon the fulfillment of which of the following condition? The check should be Indorsed by the shopkeeper only The check should bear the name of the shopkeeper. Hillary should Indorse the check in the name of the shopkeeper. Hillary should indorse check in her own name Question 5 2 pts Dart induces Shorr by fraud to make a promissory note payable to Dart. Dart negotiates the note for value to Best, who was aware of the fraud. Best negotiates the note to Case, a holder in due course. Subsequently. Best repurchases the note from Case. Which of the following statements is correct? Best does not succeed to Cases rights as a holder in due course Best becomes a holder in de course on taking the note from Dart Because of the fraud by Dart, the note is no negotiable. Best's knowledge of Dart's fraudis immaterial indetermining Best's stat Question 13 Silver Corn.sold 20 tons of steel to River Corp with payment to be by River's check. The price of steel was fluctuating daily, Silver requested that the amount of River's check belt blank and Silver would fill in the current market price. River complied with Silver's requestWithin two days Silver received River's check. Although the market price of 20 tons of steel at the time Silver received River's check was $80.000 Silverted in the check for $100.000 and negotiated it to Hatch Comp Hatch took the check in good faith without notice of Silver's act or any other debere, and in payment of an antecedent de River will Not bebeto Hatch because the check was materially altered by Silver Not be liable to Hatch because Hatched to give value when it acquired the check from Silver Beliable to Hatch for $100.000 Beliable to Hatch but only for $80.000 Question 14 Salbrings a stale check this bank on me 1.200 The check e d September 2002 The bank cannot pay the check must pay the check the properly payable may pay the check it in good tih cannot pay the check since it is certified Question 15 Proto Delo write check on Bank checking out for $1.00 able to Department of lines Coffee pay for his weekly members and to his college Carol Bob does not place decimal point after the nor does the complete the line ending in dollars Carol knowing that Bobca w afford prints in black letters the words 'One Hundred on the line ending in dollars Carol the gives the check to Dot, the Department secretary who is in chart of the Coffee Dot presents the check to Big Bank for payment and B Bank changes $100 from Boscount. Which of the following statement is most accurate? B o unt must be recredited 0900 Robot m ercredited $100.00 Bombered from camino a t the check should not be charged to Boldaduty to place a n der on the check count the check is disqualified as a negotiable Instrument, unless Abdull's Intent is ascertained. Question 4 2 pts Svetlana gives a check payable to the order of Hillary Fleming' to a shopkeeper for some home ware. Here, the check would be considered as negotiated only upon the fulfillment of which of the following condition? The check should be Indorsed by the shopkeeper only The check should bear the name of the shopkeeper. Hillary should Indorse the check in the name of the shopkeeper. Hillary should indorse check in her own name Question 5 2 pts Dart induces Shorr by fraud to make a promissory note payable to Dart. Dart negotiates the note for value to Best, who was aware of the fraud. Best negotiates the note to Case, a holder in due course. Subsequently. Best repurchases the note from Case. Which of the following statements is correct? Best does not succeed to Cases rights as a holder in due course Best becomes a holder in de course on taking the note from Dart Because of the fraud by Dart, the note is no negotiable. Best's knowledge of Dart's fraudis immaterial indetermining Best's stat
