cuny.edu/webapps/assessment/take/launch.jsp?course assessment_id = 1479601_18.course_id=_1843414_18_content_id=_46934936_1&step=null Remaining Time: 1 hour, 15 minutes, 45 seconds. Question Completion Status: QUESTION 1 4 points Save Answer Marissa gives Larry a check in payment for a computer that she is buying from him. She writes the check to Cash. Larry then gives the check to Gary Graduate his nephew, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since Larry breached the contract. What type of defense is this? partial personal universal complete QUESTION 2 4 points v Seved Which two parties have secondary signature liability? iny.edu/webapps/assessment/take/launch.jsp?course assessment_id=_1479601_1&course_id=_1843414_1&content_id=_46934936_18ste Remaining Time: 1 hour, 15 minutes, 28 seconds. Question Completion Status: QUESTION 2 Which two parties have secondary signature liability? 1. Drawers 2. Indorsers QUESTION 3 Indicate whether the defense is not a defense at all is a personal defense or is a universal defense. Bankruptcy Breach of Warranty Insolvency A Universal Fraud in the execution B. Personal Fraud in the inducement C. Not a defense edu/webapps/assessment/take/launch.jsp?course_assessment_id=_1479601_1&course_id=_1843414_18_content_id=_46934936_1&step Remaining Time: 1 hour, 15 minutes, 12 seconds. Question Completion Status: QUESTION 3 Indicate whether the defense is not a defense at all, is a personal defense or is a universal defense. Bankruptcy Breach of Warranty Insolvency Fraud in the execution A. Universal B. Personal Fraud in the inducement C. Not a defense Forged Drawer or Maker's Signature Determined by a court to be mentally incompetent Extreme Duress QUESTION 4 Primary and secondary liability only relates to signature liability, not to warranty liability Chel Sarand Schmid ted.cuny.edu/webapps/assessment/take/launch.jsp?course assessment_id=_1479601_18_course_id=_1843414_1&content_id=_4693493 Remaining Time: 1 hour, 15 minutes. 06 seconds. Question Completion Status: QUESTION 4 Primary and secondary liability only relates to signature liability, not to warranty liability True False QUESTIONS Qualified indorsers do not have warranty liability True False QUESTION 6 Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he will not pay them and puts a stop payment on the check. However, the check is stolen by Theron Thief (and Bob was not negligent) who then gives it to his landlord, Larry Tandlord who Tharon already owac CIOCO TFT arr does not now about the theft or an nahlame cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_1479601_1&course_id=_1843414_18.content id=_46934936_1&step=null Remaining Time: 1 hour, 14 minutes, 58 seconds. Question Completion Status: QUESTION 6 Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he will not pay them and puts a stop payment on the check. However, the check is stolen by Theron Thief (and Bob was not negligent) who then gives it to his landlord, Larry Landlord, who Theron already owes $1000. If Larry does not know about the theft or any problems with the instrument, what is the status of Larry: Accommodation Indorser Ordinary Holder Holder in Due Course A Maker QUESTION 7 4 poll Transfer warranties only extend to the initial transferee unless you first indorse the instrument True False cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_1479601_1&course_id=_1843414_18.content id=_46934936_18 Remaining Time: 1 hour, 14 minutes, 52 seconds. Question Completion Status: QUESTION 8 Name the two exceptions to the rule that the first party to take an instrument after a forged indorsement will be liable: 1. Imposter Rule 2. Fictiti QUESTION 9 Anyone who signs a negotiable instrument except qualified indorsers have primary signature liability. True False QUESTION 10 You cannot have both signature liability and warranty liability on the same instrument True --- Click Save and Submit to save and submit. Click Save All Ansters to save all answers. 020 Sp. X ted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=1479601_18_course_id=_1843414_18.content_id_46934936_1&step=null Remaining Time: 1 hour, 14 minutes, 25 seconds. Question Completion Status: QUESTION 11 4 poin There are three transfer warranties True False QUESTION 12 4 points In order to hold an indorser liable for warranty liability, you first need to present the instrument for payment to the primarily liable party True False QUESTION 13 4 poin Name the two exceptions to the rule that a forged drawer's signature is not enforceable. Click Save and Submit to save and submit. Click Save All Answers to see all answers - 2020 Sp. X osted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id = 1479601_1&course_id=_1843414_1&content_id=_46934936_1&step=null Remaining Time: 1 hour, 14 minutes, 15 seconds. * Question Completion Status: QUEITIT Name the two exceptions to the rule that a forged drawer's signature is not enforceable: 1. Ratification 2. If the per: QUESTION 14 4 points Marissa gives Larry a check made payable to cash in payment for a computer that she is buying from him. Larry then gives the check to his nephew, Gary Graduate, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since he is not a holder because Larry never indorsed the check to him. Which statement is true? Gary is not a holder or holder in due course because of the shelter principal Gary is not a holder or holder in due course because the check was never Indorsed Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save Answers here to search RE O -2020 Sp X osted.cuny.edu/webapps/assessment/take/launchjsp?course_assessment id=_1479601_18course_id=_1843414_18_content_id=_46934936_1&step=n Remaining Time: 1 hour, 14 minutes, 11 seconds. Question Completion Status: QUESTION 14 Marissa gives Larry a check made payable to cash in payment for a computer that she is buying from him. Larry then gives the check to his nephew, Gary Graduate, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since he is not a holder because Larry never indorsed the check to him. Which statement is true? Gary is not a holder or holder in due course because of the shelter principal Gary is not a holder or holder in due course because the check was never Indorsed Gary is not a holder or holder in due clause because Larry breached the contract Gary is at least a holder QUESTION 15 Acceptors have primary signature liability . True False Click Save and Submit to save and submit. Click Save All Answers to save all answers Save A Answer 020 Sp X ted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_1479601_18_course_id = 1843414_18_content_id=_46934936_1&stepnull Remaining Time: 1 hour, 14 minutes, 01 second. Question Completion Status: QUESTION 16 4 poir Lisa claims minority as a defense to payment on an instrument payable to Lisa who is a holder in due course. Which of the following is true? Minority is never a good defense against payment of a negotiable instrument In a state in which contracts entered into by minors are vold, this is a good defense. Minority is never a good defense against a Holder in Due Course. In a state in which contracts entered into by minors are voidable this is a good defense. QUESTION 17 4 pc Accomodation Makers have secondary signature liability, True False QUESTION 18 4 points Click Save and Submit to save and submit. Click Save All Ansters to save all answers, Save Answers - Spix J.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_1479601_18course_id=_1843414_18.content_id=_46934936_1&step=r Remaining Time: 1 hour, 13 minutes, 55 seconds. Question Completion Status: QUESTION 18 Dan writes a check to Sam. Sam indorses the back by writing "pay to Lisa" and signing his name. He delivers the check to Lisa. Lisa hands the check to Smittie who signs the back and deposits it in his bank. What type of liability do Dan, Sam, Lisa and Smittie have? Dan Sam Secondary Signature Liability and Transfer Warranty A. Liability B. Transfer Warranty Liability c. Secondary Signature Liability and Presentment Warranty Liability Lisa Smittie QUESTION 19 Drawers have primary signature liability True False Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Antwer 5495b TOSI Remaining Time: 1 hour, 13 minutes, 49 seconds. Question Completion Status: QUESTION 20 Bob is angry at his company XYZ Corp. since his annual bonus was too small. Bob who has authority to sign checks on behalf of XYZ decides to get even by creating an employee, Steven Even. Bob writes a check to Steven on XYZ's checking account, signs it and then he indorses it with Steven's name and deposits it an account he has opened in Steven Even's name and the check clears. XYZ finds out and wants to hold the bank liable for paying the check since there was a forged indorsement. Which of the following is true? The bank needs to pay because of the imposter rule. The bank needs to pay because when there is a forged indorsement, the first person to take the instrument with the forged Indorsement is liable. The bank does not need to pay because of the fictitious payee rule. The bank only needs to pay if the check was for more than $500. QUESTION 21 Marissa gives Larry a check made payable to cash in payment for a computer that she is buying from Click Save and Submit to save and submit. Click Save All Answers to save all answers cuny.edu/webapps/assessment/take/launch.jsp?course assessment_id=_1479601_18_course_id=_1843414_18_content_id=_46934936_1&step=n Remaining Time: 1 hour, 13 minutes, 40 seconds. Question Completion Status: QUESTION 21 Marissa gives Larry a check made payable to cash in payment for a computer that she is buying from him. Larry then gives the check to his nephew, Gary Graduate, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. If Marissa claims that she has a defense against payment to Gary since Larry breached the contract, what is Gary's best response? He is a Holder in Due Course. Breach of contract is a universal defense. He has the rights of a Holder in Due Course because of the Shelter Principle. Accommodation makers have secondary signature liability QUESTION 22 4F Bob Bookeeper is an employee of Drenched Raincoat Company (DRC). Bob has authority to sign checks on behalf of DRC. Bob needs to pay Acme Button Company S1000. Bob writes a check to "cash" and signs it but accidentally writes out "One Hundred Dollars" in words even though he puts Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers 20 Sp X ed.cuny.edu/webapps/assessment/take/launch.jsp?course assessment id=_1479601_18 course_id=_1843414_18.content_id=_46934936_1&step=null Remaining Time: 1 hour, 13 minutes, 34 seconds. 4 poll Question Completion Status: QUESTION 22 Bob Bookeeper is an employee of Drenched Raincoat Company (DRC). Bob has authority to sign checks on behalf of DRC. Bob needs to pay Acme Button Company S1000. Bob writes a check to "cash" and signs it but accidentally writes out "One Hundred Dollars" in words even though he puts the proper number "S1000.00" on the check. The check is: Is payable for one thousand dollars. only payable to a Holder in Due Course. Payable for one hundred dollars. is vold QUESTION 23 4P Someone who doesn't sign an instrument still makes warranties True False Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save Al Answers cuny.edu/webapps/assessment/take/launch.jsp?course assessment_id = 1479601_1&course_id=_1843414_18_content_id-_46934936_1&step=null Remaining Time: 1 hour, 15 minutes, 45 seconds. Question Completion Status: QUESTION 1 4 points Save Answer Marissa gives Larry a check in payment for a computer that she is buying from him. She writes the check to Cash. Larry then gives the check to Gary Graduate his nephew, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since Larry breached the contract. What type of defense is this? partial personal universal complete QUESTION 2 4 points saved Which two parties have secondary signature liability? cuny.edu/webapps/assessment/take/launch.jsp?course assessment_id = 1479601_18.course_id=_1843414_18_content_id=_46934936_1&step=null Remaining Time: 1 hour, 15 minutes, 45 seconds. Question Completion Status: QUESTION 1 4 points Save Answer Marissa gives Larry a check in payment for a computer that she is buying from him. She writes the check to Cash. Larry then gives the check to Gary Graduate his nephew, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since Larry breached the contract. What type of defense is this? partial personal universal complete QUESTION 2 4 points v Seved Which two parties have secondary signature liability? iny.edu/webapps/assessment/take/launch.jsp?course assessment_id=_1479601_1&course_id=_1843414_1&content_id=_46934936_18ste Remaining Time: 1 hour, 15 minutes, 28 seconds. Question Completion Status: QUESTION 2 Which two parties have secondary signature liability? 1. Drawers 2. Indorsers QUESTION 3 Indicate whether the defense is not a defense at all is a personal defense or is a universal defense. Bankruptcy Breach of Warranty Insolvency A Universal Fraud in the execution B. Personal Fraud in the inducement C. Not a defense edu/webapps/assessment/take/launch.jsp?course_assessment_id=_1479601_1&course_id=_1843414_18_content_id=_46934936_1&step Remaining Time: 1 hour, 15 minutes, 12 seconds. Question Completion Status: QUESTION 3 Indicate whether the defense is not a defense at all, is a personal defense or is a universal defense. Bankruptcy Breach of Warranty Insolvency Fraud in the execution A. Universal B. Personal Fraud in the inducement C. Not a defense Forged Drawer or Maker's Signature Determined by a court to be mentally incompetent Extreme Duress QUESTION 4 Primary and secondary liability only relates to signature liability, not to warranty liability Chel Sarand Schmid ted.cuny.edu/webapps/assessment/take/launch.jsp?course assessment_id=_1479601_18_course_id=_1843414_1&content_id=_4693493 Remaining Time: 1 hour, 15 minutes. 06 seconds. Question Completion Status: QUESTION 4 Primary and secondary liability only relates to signature liability, not to warranty liability True False QUESTIONS Qualified indorsers do not have warranty liability True False QUESTION 6 Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he will not pay them and puts a stop payment on the check. However, the check is stolen by Theron Thief (and Bob was not negligent) who then gives it to his landlord, Larry Tandlord who Tharon already owac CIOCO TFT arr does not now about the theft or an nahlame cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_1479601_1&course_id=_1843414_18.content id=_46934936_1&step=null Remaining Time: 1 hour, 14 minutes, 58 seconds. Question Completion Status: QUESTION 6 Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he will not pay them and puts a stop payment on the check. However, the check is stolen by Theron Thief (and Bob was not negligent) who then gives it to his landlord, Larry Landlord, who Theron already owes $1000. If Larry does not know about the theft or any problems with the instrument, what is the status of Larry: Accommodation Indorser Ordinary Holder Holder in Due Course A Maker QUESTION 7 4 poll Transfer warranties only extend to the initial transferee unless you first indorse the instrument True False cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_1479601_1&course_id=_1843414_18.content id=_46934936_18 Remaining Time: 1 hour, 14 minutes, 52 seconds. Question Completion Status: QUESTION 8 Name the two exceptions to the rule that the first party to take an instrument after a forged indorsement will be liable: 1. Imposter Rule 2. Fictiti QUESTION 9 Anyone who signs a negotiable instrument except qualified indorsers have primary signature liability. True False QUESTION 10 You cannot have both signature liability and warranty liability on the same instrument True --- Click Save and Submit to save and submit. Click Save All Ansters to save all answers. 020 Sp. X ted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=1479601_18_course_id=_1843414_18.content_id_46934936_1&step=null Remaining Time: 1 hour, 14 minutes, 25 seconds. Question Completion Status: QUESTION 11 4 poin There are three transfer warranties True False QUESTION 12 4 points In order to hold an indorser liable for warranty liability, you first need to present the instrument for payment to the primarily liable party True False QUESTION 13 4 poin Name the two exceptions to the rule that a forged drawer's signature is not enforceable. Click Save and Submit to save and submit. Click Save All Answers to see all answers - 2020 Sp. X osted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id = 1479601_1&course_id=_1843414_1&content_id=_46934936_1&step=null Remaining Time: 1 hour, 14 minutes, 15 seconds. * Question Completion Status: QUEITIT Name the two exceptions to the rule that a forged drawer's signature is not enforceable: 1. Ratification 2. If the per: QUESTION 14 4 points Marissa gives Larry a check made payable to cash in payment for a computer that she is buying from him. Larry then gives the check to his nephew, Gary Graduate, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since he is not a holder because Larry never indorsed the check to him. Which statement is true? Gary is not a holder or holder in due course because of the shelter principal Gary is not a holder or holder in due course because the check was never Indorsed Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save Answers here to search RE O -2020 Sp X osted.cuny.edu/webapps/assessment/take/launchjsp?course_assessment id=_1479601_18course_id=_1843414_18_content_id=_46934936_1&step=n Remaining Time: 1 hour, 14 minutes, 11 seconds. Question Completion Status: QUESTION 14 Marissa gives Larry a check made payable to cash in payment for a computer that she is buying from him. Larry then gives the check to his nephew, Gary Graduate, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since he is not a holder because Larry never indorsed the check to him. Which statement is true? Gary is not a holder or holder in due course because of the shelter principal Gary is not a holder or holder in due course because the check was never Indorsed Gary is not a holder or holder in due clause because Larry breached the contract Gary is at least a holder QUESTION 15 Acceptors have primary signature liability . True False Click Save and Submit to save and submit. Click Save All Answers to save all answers Save A Answer 020 Sp X ted.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_1479601_18_course_id = 1843414_18_content_id=_46934936_1&stepnull Remaining Time: 1 hour, 14 minutes, 01 second. Question Completion Status: QUESTION 16 4 poir Lisa claims minority as a defense to payment on an instrument payable to Lisa who is a holder in due course. Which of the following is true? Minority is never a good defense against payment of a negotiable instrument In a state in which contracts entered into by minors are vold, this is a good defense. Minority is never a good defense against a Holder in Due Course. In a state in which contracts entered into by minors are voidable this is a good defense. QUESTION 17 4 pc Accomodation Makers have secondary signature liability, True False QUESTION 18 4 points Click Save and Submit to save and submit. Click Save All Ansters to save all answers, Save Answers - Spix J.cuny.edu/webapps/assessment/take/launch.jsp?course_assessment_id=_1479601_18course_id=_1843414_18.content_id=_46934936_1&step=r Remaining Time: 1 hour, 13 minutes, 55 seconds. Question Completion Status: QUESTION 18 Dan writes a check to Sam. Sam indorses the back by writing "pay to Lisa" and signing his name. He delivers the check to Lisa. Lisa hands the check to Smittie who signs the back and deposits it in his bank. What type of liability do Dan, Sam, Lisa and Smittie have? Dan Sam Secondary Signature Liability and Transfer Warranty A. Liability B. Transfer Warranty Liability c. Secondary Signature Liability and Presentment Warranty Liability Lisa Smittie QUESTION 19 Drawers have primary signature liability True False Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Antwer 5495b TOSI Remaining Time: 1 hour, 13 minutes, 49 seconds. Question Completion Status: QUESTION 20 Bob is angry at his company XYZ Corp. since his annual bonus was too small. Bob who has authority to sign checks on behalf of XYZ decides to get even by creating an employee, Steven Even. Bob writes a check to Steven on XYZ's checking account, signs it and then he indorses it with Steven's name and deposits it an account he has opened in Steven Even's name and the check clears. XYZ finds out and wants to hold the bank liable for paying the check since there was a forged indorsement. Which of the following is true? The bank needs to pay because of the imposter rule. The bank needs to pay because when there is a forged indorsement, the first person to take the instrument with the forged Indorsement is liable. The bank does not need to pay because of the fictitious payee rule. The bank only needs to pay if the check was for more than $500. QUESTION 21 Marissa gives Larry a check made payable to cash in payment for a computer that she is buying from Click Save and Submit to save and submit. Click Save All Answers to save all answers cuny.edu/webapps/assessment/take/launch.jsp?course assessment_id=_1479601_18_course_id=_1843414_18_content_id=_46934936_1&step=n Remaining Time: 1 hour, 13 minutes, 40 seconds. Question Completion Status: QUESTION 21 Marissa gives Larry a check made payable to cash in payment for a computer that she is buying from him. Larry then gives the check to his nephew, Gary Graduate, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. If Marissa claims that she has a defense against payment to Gary since Larry breached the contract, what is Gary's best response? He is a Holder in Due Course. Breach of contract is a universal defense. He has the rights of a Holder in Due Course because of the Shelter Principle. Accommodation makers have secondary signature liability QUESTION 22 4F Bob Bookeeper is an employee of Drenched Raincoat Company (DRC). Bob has authority to sign checks on behalf of DRC. Bob needs to pay Acme Button Company S1000. Bob writes a check to "cash" and signs it but accidentally writes out "One Hundred Dollars" in words even though he puts Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers 20 Sp X ed.cuny.edu/webapps/assessment/take/launch.jsp?course assessment id=_1479601_18 course_id=_1843414_18.content_id=_46934936_1&step=null Remaining Time: 1 hour, 13 minutes, 34 seconds. 4 poll Question Completion Status: QUESTION 22 Bob Bookeeper is an employee of Drenched Raincoat Company (DRC). Bob has authority to sign checks on behalf of DRC. Bob needs to pay Acme Button Company S1000. Bob writes a check to "cash" and signs it but accidentally writes out "One Hundred Dollars" in words even though he puts the proper number "S1000.00" on the check. The check is: Is payable for one thousand dollars. only payable to a Holder in Due Course. Payable for one hundred dollars. is vold QUESTION 23 4P Someone who doesn't sign an instrument still makes warranties True False Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save Al Answers cuny.edu/webapps/assessment/take/launch.jsp?course assessment_id = 1479601_1&course_id=_1843414_18_content_id-_46934936_1&step=null Remaining Time: 1 hour, 15 minutes, 45 seconds. Question Completion Status: QUESTION 1 4 points Save Answer Marissa gives Larry a check in payment for a computer that she is buying from him. She writes the check to Cash. Larry then gives the check to Gary Graduate his nephew, without indorsing it, as a graduation gift. Marissa then stops payment on the check because she claims that Larry breached the contract. When the check bounces, Gary makes a claim against Marissa for the amount of the check. Marissa responds that Gary cannot collect on the check since Larry breached the contract. What type of defense is this? partial personal universal complete QUESTION 2 4 points saved Which two parties have secondary signature liability