Asked by Tine
1. An indorser's implied contract to pay a subsequent holder in the event that an instrument is dishonored is known as an indorser's
A. duty
B. accommodation
C. primary liability
D. secondary liability
I chose C.
2. A defense that arises out of some improper act or omission by a party to the instrument is a _________ defense
A. personal
B. real
C. secondary
D. primary
I chose A.
A. duty
B. accommodation
C. primary liability
D. secondary liability
I chose C.
2. A defense that arises out of some improper act or omission by a party to the instrument is a _________ defense
A. personal
B. real
C. secondary
D. primary
I chose A.
Answers
Answered by
Reed
It's endorser, not indorser. And you are incorrect on question 1 and on question 2.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.