If an instrument satisfies the formal requirements of writing,signature,unconditional order to pay,and pay ability on demand:
A) it is negotiable even though it is void or unenforceable for other reasons.
B) it cannot be held by a holder in due course.
C) validity of the instrument is automatically conferred.
D) it is not negotiable if it is uncollectible for other reasons.
Correct Answer:
Verified
Q21: A promise or order is "payable on
Q22: A negotiable instrument:
A)must be payable to a
Q23: Which of the following will destroy the
Q24: A draft is a:
A)two-party instrument.
B)three-party instrument.
C)single party
Q25: Ricardo borrowed $1,000 from his friend,John Wilfred.Ricardo
Q27: A note which contains the statement,"I owe
Q28: Which of the following statements will satisfy
Q29: Which of the following would qualify as
Q30: A note in which the maker promises
Q31: Richard borrowed $100 from his friend,Leonard Smith.Richard
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