A holder must actually have the instrument in his possession.
Correct Answer:
Verified
Q12: An indorsement may be simple or complex.
Q13: A qualified indorsement destroys negotiability.
Q14: Silas deposits his paycheck in First American
Q15: The impostor rule is an exception to
Q16: The principal advantage of negotiable instruments is
Q18: "Order paper" is negotiated by delivery only.
Q19: The courts will never presume a negotiation
Q20: An indorsement "for deposit" is a collection
Q21: Jill issues a negotiable promissory note to
Q22: Tina forges Vivian's indorsement on a promissory
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