Micah signed a check in the lower right-hand corner and Andrew signed on the back.The presumption is that:
A) Micah is the issuer.
B) Micah is the acceptor.
C) Andrew is the drawer.
D) Andrew is the maker and Micah is an indorsor.
Correct Answer:
Verified
Q1: The possessor of non-negotiable commercial paper has
Q3: How are ambiguities interpreted in a check:
A)
Q6: To be negotiated order paper must first
Q7: To be a holder in due course,one
Q8: The possessor of a piece of commercial
Q9: A draft is always a check,but a
Q9: There are three parties on a promise
Q13: There are two types of commercial paper:
Q16: A possessor of non-negotiable paper has the
Q20: The term "issuer"
A)is not used in relation
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