If the maker or drawer of a nonnegotiable contract fails to pay it,the holder of the contract can sue the non-performing party for breach of contract.
Correct Answer:
Verified
Q65: Even if an instrument proves to be
Q66: If a promise or an order to
Q67: Instruments that are payable at a definite
Q68: Under the UCC,a negotiable instrument may provide
Q69: A bearer instrument requires both an endorsement
Q71: An acceleration clause does not affect negotiability
Q72: Because an indorsement is not required on
Q73: An instrument that is payable to a
Q74: In negotiable instruments,negotiation refers to the process
Q75: An indorsement is the signature of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents