Conversion of an instrument will occur if:
A) a bank cashes a check with a forged indorsement.
B) a bank refuses to return a canceled check.
C) a bank takes a check from another bank.
D) an indorser gives a check to the bank.
Correct Answer:
Verified
Q41: Notice of dishonor of an instrument must
Q42: An obligation to pay a negotiable instrument
Q43: To certify a check, the bank must:
A)
Q44: Bob, a guest in Jim's house, opens
Q45: A(n) _ signs an instrument to lend
Q47: Mark gives a bearer note for $50
Q48: Kelly wrote a check to Trish, which
Q49: Franz signs a $1,000 note payable to
Q50: Presentment is a demand made by or
Q51: Who is primarily liable on a note?
A)
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