Question

QUESTION 33 All negotiable instruments must be payable on demand or at a particular time. True...

QUESTION 33 All negotiable instruments must be payable on demand or at a particular time. True False

QUESTION 34 A promise to pay in the future is sufficient value to be a holder In due course. True False

QUESTION 35 Drawers and acceptors have primary signature liability. True False

QUESTION 36 A qualified endorsement will result in no liability of the indorser. True False

Homework Answers

Answer #1
Answer Explanation
                        33 TRUE It is a signed document that promises to pay the bearer a sum of money at a future date or on-demand.
                        34 FALSE It is sufficient only to support a contract, but not to be a holder in due course
                        35 FALSE It is for drawee-acceptor
                        36 FALSE It will limit the liability of the indorser
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