A holder may find it easier to prove her status as a holder in due course against a maker or drawer than to return the instrument to a transferor on the ground of breach of warranty.
Correct Answer:
Verified
Q3: The terms of the contract of the
Q8: A person who is secondarily liable is
Q11: If someone signs a person's name to
Q12: A fraudulent alteration discharges any party whose
Q14: Which of the following statements is true
Q15: A drawee has no liability on a
Q17: If a holder has indorsed a negotiable
Q18: Liability on negotiable instruments flows from:
A) proper
Q20: A person who transfers a negotiable instrument
Q39: Peter draws a check on his account
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents