When an incomplete instrument is completed after it has left the drawers hands

When an incomplete instrument is completed after it

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Question 6:When an incomplete instrument is completed after it has left the drawer's hands, a holder
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in due course can: - not enforce it as completed.- do nothing—he/she loses any rights to the instrument.- enforce only the intent of the drawer.- enforce it as completed. Question 7:The acceptor's obligation: Question 8:Who is primarily liable on a certified check? Question 9:The indorser's liability is discharged if the check is not presented within: Question 10:Under the Revised Article 3 rules for beneficiaries, in the event of a breach of transfer warranty: - a beneficiary of the transfer warranties who took the instrument in good faith may not recover form the warrantor an amount equal to the loss suffered as a result of the breach.- the damages recoverable will be less than the amount of the instrument.- the damages recoverable may not be more than the amount of the instrument plus expenses and loss of interest incurred as a result of the breach.- no damages may be recovered.
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  • Spring '12
  • Adams
  • Cheque, Negotiable instrument

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