A signed instrument lacking some piece of information may be transferred to another person with the authority to complete the instrument according to instructions.
Correct Answer:
Verified
Q9: Presentment of a note is
A) a demand
Q10: The maker of a promissory note is
Q11: Fagan, who held Slick's $500 three-month promissory
Q12: If the amount on an instrument is
Q13: Personal defenses are not good against holders
Q15: The Federal Trade Commission has enacted a
Q16: If a promissory note is not presented
Q17: The defense of slight duress is good
Q18: Secondary parties are obligated to pay the
Q19: With fraud in the inducement, the maker
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