A person who issues a negotiable instrument based on false statements by the other party will be able to avoid payment on that instrument to any party.
Correct Answer:
Verified
Q4: Every person who signs a negotiable instrument
Q5: Transfer warranties attempt to impose liability on
Q6: Universal defenses are good against all holders
Q8: An unauthorized signature never binds the person
Q10: Dishonor occurs when acceptance of an instrument
Q11: An agent who signs just her own
Q12: An acceptor is primarily liable on an
Q13: When an instrument has a forged indorsement,the
Q14: An unauthorized signature will not bind the
Q35: The completion of an originally incomplete instrument
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