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33.
(p. 586)
Which of the following is
not
an example of a restrictive endorsement?
34.
(p. 587)
The statement, "Pay to Constance only," with the endorser's signature is an example of
which of the following types of endorsements?
35.
(p. 587)
An endorsement that places a condition on payment is referred to as which of the
following types of endorsements?
36.
(p. 588)
Which of the following types of endorsements is used when the instrument is being
transferred to an agent or trustee for the benefit of either the endorser or a third party?
37.
(p. 589)
In the event of a misspelled name, how may the holder endorse the document?
38.
(p. 589)
Which of the following may endorse an instrument made payable to a legal entity such as
a partnership?
39.
(p. 589)
An instrument that reads, "Pay to the order of Jones or Green," is payable to _________
payees.
40.
(p. 589)
An instrument that reads, "Pay to the order of Jones and Green," establishes ________
payees.
41.
(p. 590)
Which of the following is
false
regarding the elements a party must meet in order to be
considered a holder in due course?
42.
(p. 592)
Which of the following is a party who is in possession of an instrument that is payable to
the party or to the bearer of the instrument?
43.
(p. 593)
What is the effect of an issuer forgetting to write the date on a check?
44.
(p. 593)
Which of the following is the result if a payee who receives an instrument with missing
information completes the missing information in a way that is inconsistent with the intent of
issuer, and the instrument has been clearly materially altered?
45.
(p. 593)
Which of the following is true regarding the requirement that a party take an instrument
for value in order to be considered a holder in due course?
46.
(p. 599)
Which of the following was the result in the Case Opener, involving the check taken in
good faith by a market; later returned to the market based on a stop payment order; and
purchased from the market by the plaintiff who sued Cigna, the issuer of the check?
47.
(p. 594)
Which of the following does the UCC define as, "honesty in fact and the observance of
reasonable commercial standards for fair dealing?"
48.
(p. 593)
Which of the following is true regarding the concept of negotiable instruments in Japan?
49.
(p. 596)
Which of the following
does not
prevent a holder from being a holder in due course?
50.
(p. 596)
According to the UCC, which of the following is true regarding when a person has notice
of a fact?
51.
(p. 594)
Which of the following is true regarding how a holder may take an instrument for value,
but not become a holder in due course?
