In Danco, Inc. v. Commerce Bank/Shore, 675 A.2d 663 (N.J. Super. Ct. App. Div. 1996) , the court held that:
A) the indorsements of Danco were not required on the checks in question
B) the promises of Danco were not required on the checks in question
C) the indorsements of Commerce Bank were not required on the checks in question
D) the promises of Commerce Bank were not required on the checks in question
Correct Answer:
Verified
Q27: A _ is any type of loan
Q28: A promissory note creates a promise to
Q29: A _ is the various steps used
Q30: If an instrument is _ and thus
Q31: An _ is a signature, other than
Q33: A _ consists solely of the indorser's
Q34: A _ specifically identifies the party to
Q35: A _ is one that seeks to
Q36: A _ lacks any type of language
Q37: A _ adds language such as "Without
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