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Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562 Exercise 17
Richard Barone owed Betty Brookheiser $100. He gave her a personal check, drawn on the First National Bank, for that amount. Betty Brookheiser owed $100 to James Harkness, so she indorsed the check and gave it to Harkness. The check was then negotiated to other parties with the following indorsements. 
Questions
1. By which method can Betty Brookheiser negotiate this instrument?
2. Which of the indorsees will not be liable if the instrument is not paid by the First National Bank because Richard Barone did not have enough money in his checking account?
3. The second indorsement on the back of the check is an example of what type of indorsement?
4. The last indorsement on the back of the check is an example of what type of indorsement?
5. What indorsement shown should not be used when sending a check through the mail?
Questions
1. By which method can Betty Brookheiser negotiate this instrument?
2. Which of the indorsees will not be liable if the instrument is not paid by the First National Bank because Richard Barone did not have enough money in his checking account?
3. The second indorsement on the back of the check is an example of what type of indorsement?
4. The last indorsement on the back of the check is an example of what type of indorsement?
5. What indorsement shown should not be used when sending a check through the mail?
Explanation
Verified
Verified
1.
Person BB can negotiate this instrume...
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
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