What is required for order paper to be negotiated or presented?
Stolen Negotiable Instrument and Holder Status

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Business, Social Studies
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A valid signature of the holder
A stamp from the bank
A witness signature
A notarized document
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens if a signature on order paper is forged?
The person cannot become a holder in due course
The forgery is considered valid
The paper becomes more valuable
The paper is automatically void
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can a recipient of stolen bearer paper become a holder in due course?
By presenting it to a bank
By receiving it for value and without notice of defenses
By receiving it in bad faith
By forging a signature
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a personal defense against payment when paper is presented by a thief?
The paper is not stamped
The theft itself
The paper is not notarized
The paper is not signed
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When is theft not a defense against payment?
When the paper is in the hands of a holder in due course
When the paper is unsigned
When the paper is notarized
When the paper is presented by a bank
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