test 4 kyun - Question 1 2.5 out of 2.5 points To borrow...

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Question 1 2.5 out of 2.5 points To borrow money to finance the start-up of a business, Prince executes an instrument in favor of Quay Bank. For the instrument to be negotiable, the signature must be Answer Selected Answer: Question 2 0 out of 2.5 points Fact Pattern 18-1 Prime Irrigation Systems, Inc., signs a check payable to Qwest Landscape Design, Inc., drawn on Prime's account at Riverton Bank and dated June 1. Qwest indorses the check to Serene Lawn Care Corporation. Refer to Fact Pattern 18-1. To hold Prime secondarily liable, Serene must present the check for payment within Answer Selected Answer: Question 3 2.5 out of 2.5 points Gina writes and signs a check payable to "Happy Market." Irma, Happy's manager, indorses the check "For deposit only." This is Answer Selected Answer: Question 4 2.5 out of 2.5 points An acceptor is secondarily liable on an instrument. Answer Selected Answer:
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Question 5 2.5 out of 2.5 points Lucy is the maker of a $1,000 promissory note in favor of Milo. Milo indorses the note to Nim who, in turn, indorses it to Opie, the present holder. If the note is dishonored, the party entitled to recover payment from Nim is Answer Selected Answer: Question 6 2.5 out of 2.5 points Julie signs a check payable to the order of Kwik-Mart Stores, Inc., that does not include a date. This check is Answer Selected Answer: Question 7 2.5 out of 2.5 points A person can become an HDC only by acquiring an instrument with notice of any defect to it. Answer Selected Answer: Question 8 2.5 out of 2.5 points Paco signs an instrument payable in installments to the order of Quik Cash, Inc., that allows a holder to demand payment of the entire amount due, with interest, if Paco fails to make a payment. This instrument is Answer Selected Answer: Question 9 0 out of 2.5 points
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Quimby writes a check to Rico on May 1 that is drawn on Quimby's account at Seven Seas Bank. Rico presents the check on December 15. The bank is
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test 4 kyun - Question 1 2.5 out of 2.5 points To borrow...

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