I. Where it cannot be determined in what capacity a person
signed a promissory note, he is deemed a maker.
II. If a note for P10, 000 payable to the order of B is endorsed by B is
endorsed by B in favour of C or D, such endorsement is valid.
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
Who among the following is the holder of a negotiable
instrument originally payable to order?
If the drawer and the drawee are the same person, the holder
may present the instrument for payment without need of a previous
presentment for acceptance. In such a case, the holder treats it as