By indorsing an instrument,a person incurs an obligation to pay it if the person primarily liable on it fails to pay it.
Correct Answer:
Verified
Q7: If a person receives a check that
Q8: Indorsing an instrument,"Pay to Sara Garcia," limits
Q9: A bearer instrument can be validly negotiated
Q10: The FTC rule doesn't apply to persons
Q11: The involuntary transfer of possession of a
Q12: The use of a qualified indorsement eliminates
Q14: A forged indorsement will not prevent a
Q15: An instrument payable to cash:
A)can be negotiated
Q17: To negotiate an instrument:
A)it must not be
Q20: When indorsing an instrument,the holder must spell
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