94 which of the following items would rendered the

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Chapter 29 / Exercise 4
Anderson's Business Law and the Legal Environment, Standard Volume
Jennings/Twomey
Expert Verified
94. Which of the following items would rendered the instrument non-negotiable? a. With interest b. With stated installment c. With order or promise to do any act in addition to payment of money. d. With cost of collection if the instrument is not paid at maturity.
95. The instrument read as follows: Pay to the order of X P100,000. (Sgd Y) Which of the following is not a valid negotiation of the instrument?
96. Statement 1: A transferee of unendorsed instrument payable to order cannot be a holder in due course. Statement 2: The only disadvantage of a holder who is not a holder in due course is that the instrument is subject to defenses as if it were non-negotiable.
97. Statement 1: When the instrument is overdue and unpaid the instrument is deemed dishonored by non payment. Statement 2: When the primary party liable on the instrument is willing to pay the instrument, the instrument is not deemed dishonored.
98. Statement 1: The acceptor by accepting the instrument engages that he will pay it according to the tenor of the instrument. Statement 2: The maker may insert in the instrument an express stipulation negativing or limiting his own liability to the holder. a. First statement is true; second statement is false.
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Anderson's Business Law and the Legal Environment, Standard Volume
The document you are viewing contains questions related to this textbook.
Chapter 29 / Exercise 4
Anderson's Business Law and the Legal Environment, Standard Volume
Jennings/Twomey
Expert Verified
b. First statement is false; second statement is true. c. Both statements are true. d. Both statements are false. 99. This check has drawn on its face two transversal parallel lines the effect of which is that the check cannot be encashed but only be deposited.
100.The law on bouncing check law punish the act of making and issuing a worthless check or a check that is dishonored upon its presentation for payment as an?

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