mountida BA521 week 5 quiz

| October 22, 2018

Question 11 pts.instructure.com/courses/797/quizzes/3961/take#question_145902_question_text”>Skip to question text.A personal check cannot be a negotiable instrument.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 21 pts.instructure.com/courses/797/quizzes/3961/take#question_145903_question_text”>Skip to question text.​Rubber stamp signatures can be legally binding signatures.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 31 pts.instructure.com/courses/797/quizzes/3961/take#question_145904_question_text”>Skip to question text.​To be negotiable, an instrument must be payable in afixed amount.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 41 pts.instructure.com/courses/797/quizzes/3961/take#question_145905_question_text”>Skip to question text.​A maker of an instrument that is payable at a definite time does not have the option of paying before the stated date.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 51 pts.instructure.com/courses/797/quizzes/3961/take#question_145906_question_text”>Skip to question text.​A promise to give value in the future is sufficient to confer the rights of an HDC on one in possession of a negotiable instrument.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 61 pts​A check is not a substitute for cash.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 71 pts.instructure.com/courses/797/quizzes/3961/take#question_145908_question_text”>Skip to question text.​If a customer does not have sufficient funds to pay a check available in his or her checking account and the bank dishonors the check, the bank is liable to the customer.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 81 pts.instructure.com/courses/797/quizzes/3961/take#question_145909_question_text”>Skip to question text.​Commercial banking practices consider a check that has been outstanding for three months to be a stale check.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 91 pts.instructure.com/courses/797/quizzes/3961/take#question_145910_question_text”>Skip to question text.​A customer has a right to stop payment on a check that has been certified or accepted by a bank.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 101 pts.instructure.com/courses/797/quizzes/3961/take#question_145911_question_text”>Skip to question text.​A forged signature is effective as the signature of a drawer to the extent that is resembles the drawer’s actual signature.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 111 pts.instructure.com/courses/797/quizzes/3961/take#question_145912_question_text”>Skip to question text.​The person who owes the payment of a secured obligation is the secured party.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 121 pts.instructure.com/courses/797/quizzes/3961/take#question_145913_question_text”>Skip to question text.For a creditor to have an enforceable security interest, the debtor must have rights in the collateral.​TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 131 pts.instructure.com/courses/797/quizzes/3961/take#question_145914_question_text”>Skip to question text.The method of perfecting a security interest does not depend on the classification of the collateral.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 141 pts.instructure.com/courses/797/quizzes/3961/take#question_145915_question_text”>Skip to question text.A financing statement must include a description of the collateral by type or item.​TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 151 pts.instructure.com/courses/797/quizzes/3961/take#question_145916_question_text”>Skip to question text.Future advances against a line of credit can be subject to the same collateral.​TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 161 pts.instructure.com/courses/797/quizzes/3961/take#question_145917_question_text”>Skip to question text.Liens usually do not take priority over other claims against the same property.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 171 ptsA mechanic’s lien is possessory.​TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 181 pts.instructure.com/courses/797/quizzes/3961/take#question_145919_question_text”>Skip to question text.​In some states, a judgment creditor must obtain a separate order of gar-nishment to cover each of the debtor’s pay periods.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 191 pts.instructure.com/courses/797/quizzes/3961/take#question_145920_question_text”>Skip to question text.​A material change in a loan contract between a creditor and a debtor dis-charges a surety only to the extent that the surety suffers a loss.TrueFalse.instructure.com/courses/797/quizzes/3961/take#” s0-d-e1-ft#https:=”” mountida.instructure.com=”” images=”” answers_sprite.png?1437588557);”=”” background-repeat:=”” initial;”=””>Flag this QuestionQuestion 201 pts​One goal of bankruptcy law is to protect a debtor.TrueFalse

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