Which of the following is NOT a real defence to an action on a bill?
A) misrepresentation
B) incapacity of contract because of infancy
C) cancellation of the instrument
D) alteration of the instrument
E) absence of delivery when the instrument is incomplete when taken
Correct Answer:
Verified
Q32: Liability of the drawee on a bill
Q33: Many retail businesses have taken steps to
Q34: The two classes of negotiable instruments are
A)promissory
Q35: Tina gave Zach a cheque for $1000
Q36: A buyer on consumer credit has no
Q38: Where a bill of exchange is payable
Q39: A holder in due course who suffers
Q40: Delivery of a bill may be actual
Q41: Negotiability is the special quality possessed by
Q42: Sight drafts can be used as collection
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