Question: A person cannot be liable for payment on a negotiable instrument on the basis of signature liability unless they have signed it personally. a .

A person cannot be liable for payment on a negotiable instrument on the basis of signature liability unless they have signed it personally.
a. True b. False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

An article states there is no significant evidence that median income increased. The implied null hypothesis is: (1) Median income increased. (2) Median income changed. (3) Median income did not...

Q:

niz Tools 100% Question 1 pts Collapse Layla executes a preprinted processory note to Metro Financial without filling in the due date Metro.completes the foom with a due date that Layla thonized. The...

Q:

An indorsement is a signature, other than that of a signer as maker, drawer, or acceptor, that alone or accompanied by other words is made on an instrument for the purpose of (i) negotiating the...

Q:

Beth Fuller writes a check to her niece Heidi for babysitting Beth's two dogs over the holiday weekend. Then Heidi endorses the check by signing on the back. She then gives the endorsed check to her...

Q:

cuny.edu/webapps/assessment/take/launch.jsp?course assessment_id = 1479601_18.course_id=_1843414_18_content_id=_46934936_1&step=null Remaining Time: 1 hour, 15 minutes, 45 seconds. Question...

Q:

Please answer in paper and pass when we see each other True or False. 1.A conditional indorsement renders the instrument non-negotiable. False 2.Where the instrument is negotiated back to a prior...

Q:

1. The holder or holder in due course (HDC) of a promissory note made by a minor is entitled to payment under which of the following conditions? A)If the minor does not assert the defense that he or...

Q:

1. An antedated or a post dated instrument is valid, and it does lot lose it negotiable character just because it is antedated or post dated, provided this is not done for an illegal or fraudulent...

Q:

QUESTION 1 A holder in due course(HDC) takes a negotiable instrument free of personal defenses. True False QUESTION 2 A person who receives an instrument as a gift or for no consideration is still a...

Q:

The holder or holder in due course (HDC) of a promissory note made by a minor is entitled to payment under which of the following conditions? The holder or HDC did not know the maker was a minor. If...

Q:

provide the answers for the following multiple choice questions base on the best of your knowledge. Thank you! To properly identify your signer named in documents as "James Carl Braden", his...

Q:

Briefly discuss the advantages and disadvantages of using the dividend growth model to estimate the cost of equity

Q:

Which of the following are true about RPA? A. For security reasons, should never be used in a TPS. B. The robot is configured to complete the same process steps,follow the business rules, and use the...

Q:

wood is $ 4 . 0 0 per square foot from the suppler. Delivery costs are $ 0 . 4 0 per squave foot. Cappenters' wages ave $ 2 5 . 0 0 per hour. Paynot conts avv $ 4 . 5 0 per hour, and terefts are $ 7...

Q:

Q What is the function of anti-pumping in the circuit breaker?