If an instrument is nonnegotiable,_____.
A) the Uniform Commercial Code controls the rights, and the general rules of property law control liabilities of the parties involved
B) the general rules of contract law control the rights and liabilities of the parties involved
C) the Uniform Commercial Code controls the rights, and the general rules of comparative law control the liabilities of the parties involved
D) the general rules of tort law control the rights and liabilities of the parties involved
Correct Answer:
Verified
Q21: One of the basic requirements for an
Q24: A promise or order is "payable on
Q25: Which of the following instruments is negotiable?
A)
Q27: Which of the following is true of
Q30: Which of the following statements is true
Q33: The Federal Trade Commission has adopted a
Q36: A note in which the maker states,
Q37: A _ is a draft on which
Q38: A teller's check is a:
A) draft drawn
Q40: A traveler's check that requires, as a
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