Liability on a negotiable instrument:
A) can arise only by transfer of an instrument.
B) cannot arise from non-presentment.
C) can arise from negligence relating to the issuance.
D) cannot arise from improper payment.
Correct Answer:
Verified
Q11: If someone signs a person's name to
Q14: The obligation of the maker is owed:
A)to
Q15: A drawee has no liability on a
Q16: A material change in a negotiable instrument
Q17: A person who is primarily liable has
Q20: An indorsing transferor makes all five transfer
Q21: Under the Revised Article 3 rules for
Q22: A person who transfers a negotiable instrument
Q23: The indorser's liability is discharged if the
Q24: People who presents drafts for warranties:
A)do not
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