A blank indorsement _____.
A) limits the indorser's contract liability
B) creates conditional contract liability in the indorser
C) names the transferee-holder
D) specifies the use to which instrument may be put
E) indorses to a person who is to hold or use the funds for the benefit of the indorser or a third party
Correct Answer:
Verified
Q26: _, means that the indorser has no
Q27: Under Article 3, the loss when a
Q28: What is a blank indorsement?
Q29: Uniform Commercial Code 3-201(a) defines _ as
Q30: Which of the following stands true for
Q32: Collection indorsements and trust indorsements are types
Q33: The Victory Clothing Co., Inc. v. Wachovia
Q34: Dubious Used Cars received the promissory note
Q35: A negotiation such as "Pay Tom Jacob
Q36: An indorser can limit his liability by
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