B. deception in the amount of payment.
C. refusal to pay a negotiable instrument.
D. an extension of payment.
Planter, Inc. sold $100,000 in plants and plant supplies to Ace Corporation. When the
supplies were delivered to Ace, Ace ordered its bank, Fourth National, to pay $100,000
to Planter. Fourth National debited Ace's account and ordered Chase Superior, Planter's
bank, to credit Planter's account for $100,000. In this transaction:
A. Planter is the originator and Ace is the beneficiary.
B. Ace is the originator and Chase Superior is the beneficiary.
C. Ace is the originator and Planter is the beneficiary.
D. Fourth National is the beneficiary and Chase Superior, the originator.
In a tenancy in common, the tenants:
A. always take title at the same time.
B. cannot transfer their share to their heirs.
C. always have equal interests in the property.
D. have equal right to possess the property.
A holder in due course of a negotiable instrument:
A. can receive more rights than the previous holders.
B. cannot transfer greater rights than they have themselves.
C. can take an instrument even when it is not indorsed to him or her.
D. is a person to whom the instrument is transferred as a gift.