Contractual liability on negotiable instruments flows from Multiple Choice writing 'without recourse on the instruments nonpresentment of the instruments. proper payment of the instruments signatures on the instruments Which of the following statements is true of signing a negotiable instrument? Multiple Choice An instrument is not considered to be negotiable when the maker signs by writing his name on it A person or company cannot authorize an agent to sign instruments for it An instrument in the form of a draft must be signed by the person giving the instruction to pay An instrument in the form of a note must be signed by the poyee who accepts the promise of the issue Which of the following is true of the obligations of an acceptor? Multiple Choice of the certification of a check or other acceptance of a drott states the amount certified or accepted, the obligation of the acceptor is that amount If the certification or acceptance does not state an amount, then the acceptor is free of all obligations If the certification or acceptance does not stote on amount or if the amount of the instrument is subsequently raised, then the obligation of the acceptor is the raised amount If the certification of a check or other acceptance of a draft states the amount accepted the obligation of the acceptor is the amount of the instrument at the times holder in due course takes it