A person cannot be held contractually liable on a negotiable instrument unless his or her signature appears on it.
Correct Answer:
Verified
Q6: A person who signs an instrument and
Q7: The payee of a cashier's check is
Q8: Those who disclaim liability and are not
Q9: Those who are secondarily liable on negotiable
Q10: In the context of instruments that are
Q12: An accommodation party is secondarily liable if
Q13: Martin borrows $15,000 from Tom, in the
Q14: Liability on a negotiable instrument that is
Q15: Marks used in lieu of a written
Q16: _ is a demand for acceptance or
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