If an order instrument is transferred without indorsement:
A) the instrument has not been negotiated.
B) the transferee can qualify as a holder.
C) the transferee has the right to the qualified indorsement of the transferor.
D) the transferee has none of the rights of the transferor to enforce the instrument.
Correct Answer:
Verified
Q27: A holder in due course takes a
Q28: If a check drawn "Pay to the
Q29: An indorsement that contains the signature of
Q31: A qualified indorsement:
A)changes the negotiable nature of
Q33: Mike indorsed a check from his employer
Q34: Carol signs a 30-day note payable to
Q35: Big Oil indorses a check "Pay St.Joseph
Q36: Which of the following statements is true
Q37: An instrument which reads "For deposit only"
Q37: If Jamie indorses an instrument in blank
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