Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
QUESTION 37 If an instrument is made payable to a person under the wrong name, it is lawful for the payee to endorse/indorse the instrument
QUESTION 37 If an instrument is made payable to a person under the wrong name, it is lawful for the payee to endorse/indorse the instrument either under her true name or under the mistaken name or both True False QUESTION 38 Lack of consideration and breach of cortevact can be asserted as valid defenses to the payment of a negotiable instrument in the hands of a holder in due course. True False QUESTION 39 The form of endorsementindorsement can convert order paper to bearer paper, or bearer paper to order paper. True IN False
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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