WorksheetsLAW3 Midterm Quiz 3
Total questions: 15
Worksheet time: 11mins
An instrument is negotiated when it is transferred from one person to another
True
False
If payable to bearer, the negotiable instrument is negotiated by delivery
True
False
If payable to order, the negotiable instrument is negotiated by delivery
True
False
Which instrument is negotiated by mere delivery?
Bearer
Order
Which instrument is negotiated by the indorsement of the holder and completed by delivery?
Bearer
Order
The signature of the indorser, without additional words, is not a sufficient indorsement.
True
False
Indorsement must always done by attaching indorser's signature on a blank, separate sheet of paper.
True
False
Partial indorsement is allowed
True
False
An indorsement that specifies the indorsee
Blank
Restrictive
Special
Qualified
Conditional
This indorsement prohibits further negotiation of the instrument
Blank
Restrictive
Special
Qualified
Conditional
The indorsement where the indorser is a mere assignor
Blank
Restrictive
Special
Qualified
Conditional
The indorsement where only the signature of the indorser is attached.
Blank
Restrictive
Special
Qualified
Conditional
A qualified indorsement may be converted into a special indorsement
True
False
The term "without recourse" may be seen in which indorsement?
Blank
Restrictive
Special
Qualified
Conditional
A negotiation is not completed without delivery of the negotiable instrument
True
False
