Question: 18 Ignacio has an instrument, such as a bond, which was made Payable to bearer She loses the instrument, but it is found by

18 Ignacio has an instrument, such as a bond, which was made

18 Ignacio has an instrument, such as a bond, which was made "Payable to bearer" She loses the instrument, but it is found by Jesus. Jesus may 17 A written order by one person directing the person's bank to pay a certain sum Of money to another person is a An indorsement on a check that states, "Pay to the order Of Josefina Cruz", then a. b. d. promissory note. certificate of deposit. draft. check. a. b. d. collect payment on the instrument. not collect payment because he gave no value for it. not collect payment on the instrument because he only found it. none of these. 19 20. The drawee Of a check is always the a. b. C. d. the person who will receive the money. the holder Of the check. a bank. a depositor. signed by Miguel Suarez is a(n) a. b. d. special indorsement. blank indorsement. accommodation indorsement. qualified indorsement.

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 Law Questions!

1. Felix draws a check payable to "DeliMart" to buy groceries. Felix's check is most likely a. a certificate of deposit. b. an order to pay. c. a promise to pay. d. a promissory note. 2. Felix draws...

Based on the following case answer: Defendant Joshua Herrera pleaded guilty to one count of forgery in violation of NMSA 1978, 30-16-10 (1963), reserving his right to appeal the district court's...

1) The following are types of negotiable instruments: A) Verbal promises to pay and electronic certificates of deposit. B) Drafts, including checks, and leases. C) Written promissory notes and...

11. The maker, by making the instrument, has the following liabilities, except: a. The engagement to pay the instrument according to its tenor b. The admission of the existence of the payee c. The...

10) There are three parties to a draft: a drawer, a drawee and a payee, and the draft must be written. True or false 11) Order paper is converted to bearer paper by a blank indorsement. true or false...

15. Which of the following is a separate piece of paper, firmly attached to an instrument, providing space for endorsements? a. Extension Ob Draft c. Order d. Allonge Topic covered in 25.4 corta...

QUESTION 16 True or False: Adding the words "for deposit only' to an endorsement, makes it a "qualified" endorsement. True False QUESTION 17 True or False: The following item, by itself, would...

a. Explain how the various values of x in a probability distribution form a set of mutually exclusive events. b. Explain how the various values of x in a probability distribution form a set of...

In a recent management survey, the majority of respondents supported the use of monitoring of employee activity including keystrokes logging, use of the internet and online activity; video cameras;...

P8.3 A rejection network is the bridged-T network shown in Figure P8.3. The transfer function of this network is + to m L R C 1002 v(t) C R FIGURE P8.3 Bridged-T network. s + w G(s)= 2 +2(wn/Q)s + w...

Chance and Lindsay, both 37, are married and file a joint return in 2016. Their AGI is $580,000. They report $39,000 of itemized deductions, consisting of the following amounts. Home mortgage...

For each of the situations described below, indicate which of the following security measures is most appropriate: Authorization rules Encryption Authentication schemes a. A national brokerage...

Whitlock Department Stores runs a multiuser DBMS on a LAN file server. Unfortunately, at the present time, the DBMS does not enforce concurrency control. One Whitlock customer had a balance due of...

Five recovery techniques are listed below. For each situation described, decide which of the following recovery techniques is most appropriate. Backward recovery Forward recovery (from latest...

Fill in the two authorization tables for Pine Valley Furniture Company below, based on the following assumptions (enter Y for yes or N for no): Salespersons, managers, and carpenters may read...

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

3. Imagine a communication situation at work or at home where you felt that you were locked (inflexible). Reflect on three alternative strategies that could have led to you becoming more flexible,...

4. In the next communication situation you are in, already think through three different communication strategies, which will make you achieve greater flexibility. Then practice on these as soon as...

2. Now imagine a real situation in your workplace or home situation where someone gives you feedback. a. Did you perceive the feedback as a hidden criticism? b. Did you perceive the feedback as a...