A) Ratification
B) Authorization
C) Acknowledgement
D) Pre-approval
E) Post-approval
G) A) and C)
Correct Answer
verified
Correct Answer
verified
A) The only requirement is that the holder of the instrument present the instrument to the drawer in a proper and timely fashion.
B) The only requirement is that the holder of the instrument present the instrument to the drawee in a proper and timely fashion.
C) The two requirements are that (1) the holder of the instrument present the instrument to the drawer in a proper and timely fashion and (2) the holder establish that the check was wrongfully dishonored.
D) The three requirements are that (1) the holder of the instrument present the instrument to the drawee in a proper and timely fashion, (2) the instrument be dishonored, and (3) notice of the dishonor be given to the drawer.
E) The four requirements are that (1) the holder of the instrument present the instrument to the drawee in a proper and timely fashion, (2) the instrument be dishonored, (3) notice of the dishonor be given to the drawer, and (4) proof provided by the holder that the check was wrongfully dishonored.
G) A) and D)
Correct Answer
verified
Correct Answer
verified
A) Issuers and acceptors are primarily liable for a negotiable instrument, while drawers and endorsers are secondarily liable.
B) Drawers and endorsers are primarily liable, while issuers and acceptors are secondarily liable.
C) Issuers and drawers are primarily liable, while acceptors and endorsers are secondarily liable.
D) Acceptors and endorsers are primarily liable, while issuers and drawers are secondarily liable.
E) Drawers are primarily liable, while issuers, acceptors, and endorsers are secondarily liable.
G) A) and B)
Correct Answer
verified
Correct Answer
verified
B) False
Correct Answer
verified
Correct Answer
verified
A) Maker
B) Acceptor
C) Drawer
D) Endorser
E) Promisor
G) B) and D)
Correct Answer
verified
Correct Answer
verified
B) False
Correct Answer
verified
Correct Answer
verified
A) That the defending employer had to pay no dues at all because a representative of the plaintiff wrongfully misrepresented the contents of the written document.
B) That the defending employer had to pay only the dues of the employees who were working out-of-town within the area of the union involved because a representative of the plaintiff wrongfully misrepresented the contents of the written document.
C) That although a representative of the plaintiff misinformed the defending employer of the contents of the written document, the defendant's representative had sufficient opportunity to read the document; and the defending employer was therefore liable for dues of all its employees.
D) That the defending employer was liable for all the dues regardless of whether a representative of the plaintiff misinformed the defending employer of the contents of the written document and regardless of whether the defendant's representative had an opportunity to read it.
E) That while the defending employer would be liable for all dues under common law, because of applicable federal labor law, the defending employer was liable for dues only for employees working out-of-town within the area of the union involved.
G) A) and C)
Correct Answer
verified
Correct Answer
verified
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