Under the Negotiable Instruments Article of the UCC, which of the following statements is correct regarding a check?
参考答案(由小熊题库网聘请的专业题库老师提供的解答)
请点击↑↑↑ 查看官方参考答案 按钮
习题解析
请点击 查看官方参考答案 按钮
您可能感兴趣的题目
1 .A homestead exemption ordinarily could exempt a debtor's equity in certain property from post-judgment collection by a creditor. To which of the following creditors will this exemption apply?I. Valid home mortgage lien.II. Valid IRS Tax lien.
A Both I and II. B I only. C Neither I nor II. D II only.
2 .Which of the following instruments is subject to the provisions of the Negotiable Instruments Article of the UCC?
A A warehouse receipt. B A bill of lading. C An investment security. D A certificate of deposit.
3 .Which of the following conditions must be met to form an agency?
A An agency agreement must be in writing. B The principal must furnish legally adequate consideration for the agent's services. C The principal must possess contractual capacity. D An agency agreement must be signed by both parties.
4 .Under the Commercial Paper Article of the UCC, which of the following requirements must be met for a person to be a holder in due course of a promissory note?
A The holder must be the payee of the note. B The note must be payable to bearer. C All prior holders must have been holders in due course. D The note must be negotiable.
5 .Under agency law, which of the following statements best describes ratification?
A A principal's disavowal of an agent's unauthorized act. B A principal's affirmation of an agent's authorized act. C A principal's approval in advance of an agent's acts. D A principal's affirmation of an agent's unauthorized act.
7 .Seth performs work for Stecker Corporation. Which of the following factors presents the strongest evidence that Seth is an independent contractor?
A Stecker allows Seth to participate in all of Stecker's benefit programs. B Seth says that he works as an independent contractor. C Stecker does not control the manner in which Seth performs his work. D Seth has worked for Stecker for over 15 years on a regular basis.
8 .Under the Commercial Paper Article of the UCC, which of the following statements best describes the effect of a person endorsing a check "without recourse?"
A The person converts the check into order paper. B The person gives no warranty protection to later transferees. C The person makes no promise or guarantee of payment on dishonor. D The person has no liability to prior endorsers.
9 .In which type of business organization are income taxes always required to be paid by the entity on profits earned as well as by the owners upon distribution thereof?
A Limited liability company. B General partnership. C Subchapter S corporation. D Subchapter C corporation.
10 .Under the Negotiable Instruments Article of the UCC, which of the following defenses by the maker of a negotiable instrument can be successfully asserted against a holder in due course?
A Lack of consideration by the original payee. B Fraud in the execution. C Breach of the underlying contract. D Fraud in the inducement.
