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URgent !!! No explain need Even if one owns a fees simple absolute, their use of the property may be legally restricted by: a. title

URgent !!! No explain need

Even if one owns a fees simple absolute, their use of the property may be legally restricted by:

a.

title insurance

b.

zoning laws

c.

notice race statutes

d.

nothing

Assume Alex acquires a negotiable instrument by indorsement in exchange for his promise to perform a service next month. According to the UCC when will he become a holder in due course?

a.

when he takes possession of the instrument

b.

when he performs the service.

c.

when he promises to perform the service.

d.

never

Assume that Bob indorses a check that was payable to Cash by writing the words "Pay to Helen" on the back of the check and then signing his name. He has:

a.

converted order paper to bearer paper.

b.

converted bearer paper to order paper.

c.

kept it order paper

d.

kept it bearer paper.

Suppose Lola possesses a negotiable instrument made "payable to the bearer". If she loses the instrument while rescuing a drowning puppy from a pond and Mike, the one who threw the puppy in the pond later finds the instrument, the Mike will:

a.

be able to collect payment if properly presented.

b.

be denied the payment since his bad act caused the problem.

c.

be denied payment since he wa not the intended payee.

d.

be denied payment because puppies are cute!.

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