Which of the following is true of the obligation of negotiator of bearer paper?
A) The negotiator is not liable to the immediate transferee as a warrantor of the genuineness of the instrument.
B) One who negotiates a bearer instrument by delivery alone does not guarantee payment.
C) The negotiator must indorse a bearer paper when he negotiates it.
D) The mere delivery by the negotiator of a bearer paper does not change title.
Correct Answer:
Verified
Q4: The trailing edge is the right side
Q6: Which of the following best describes a
Q8: The warranty liability of a qualified indorser
Q9: A person who negotiates a bearer instrument
Q10: A qualified indorser warrants that the signatures
Q14: Which of the following best describes an
Q15: is a unilateral act of a holder
Q17: When a negotiable instrument is lost, this
Q17: Parties can be discharged from an obligation,
Q20: A cancellation made by mistake is not
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