Question 4 Incorrect An example of an implied warranty given by a seller of commercial paper includes a warranty 0.00 points out of 6.00 Select one: a. of good title P Flag question b. that there are no material alterations c. that signatures are genuine X d. all of the above e. none of the above Question 7 Bill is selling his motorcycle to Jane for $5,000. Bill wants to be sure that whoever buys the motorcycle has the money to pay for it. Which of these checks gives Bil the last security in receiving payment? Select one: a. certified check X b. cashier's check c. personal check d. all the choices are as good as cash e none of the above Owen is a holder of a promissory note obtained from Purchase Money, Inc. Regarding the defenses against payment of the note to which Purchase Money is subject, Owen, as an ordinary holder is subject to Remove flag Select one: a more defenses b. the same defenses X c. some defenses, but not as many d. no defenses Question 9 Sally wants to transfer a check to Joe. The check is defective if it 0.00 points out of Select one: a is undated b. contains handwritten torms X c. is clearly stamped 'insufficient funds d. all of the above Flag Guest Question 10 Incorrect Beth an accountant for Credits and Debits, acquires a negotiable instrument from Ellen by promising to pay its face value in thirty days. Beth acquires the status of a HDC when she 0.00 points out of 6.00 Select one: a. agrees with Ellen to buy the negotiable instrument P Flag question b. pay the face value due on the instrument c. transfers the instrument to another party d. acquires possession of the negotiable instrument X e. none of the above