Choose the term that describes the best following statement: Status of paper that is to be paid on presentment or at sight ______. a. acceleration clause; b. accommodation party; c. antedated; d. bearer; e. bearer paper; f. blank indorsement; g. holder; h. indorsee; i. indorsement; j. indorser; k. money; l. negotiable; m. negotiable instruments; n. negotiation; o. order paper; p. payable at a definite time; q. payable on demand; r. postdated s. qualified indorsement; t. restrictive indorsement; u. special indorsement; v. unqualified indorsement

A check drawn by Cullen for $\$500$ is made payable to the order of Jordan and issued to Jordan. Jordan owes his landlord $\$500$ in rent and transfers the check to his landlord with the following indorsement: “For rent paid, [signed] Jordan.” Jordan’s landlord has contracted to have Deborah do some landscaping on the property. When Deborah insists on immediate payment, the landlord transfers the check to Deborah without indorsement. Later, to pay for some palm trees purchased from Better-Garden Nursery, Deborah transfers the check with the following indorsement: “Pay to Better-Garden Nursery, without recourse, [signed] Deborah.” Better-Garden Nursery sends the check to its bank indorsed “For deposit only, [signed] Better-Garden Nursery.” (See Indorsements.)

(b) Was the transfer from Jordan’s landlord to Deborah, without indorsement, an assignment or a negotiation? Explain.

Choose the term that describes the best following statement: Dated prior to the date of issuance ______. a. acceleration clause; b. accommodation party; c. antedated; d. bearer; e. bearer paper; f. blank indorsement; g. holder; h. indorsee; i. indorsement; j. indorser; k. money; l. negotiable; m. negotiable instruments; n. negotiation; o. order paper; p. payable at a definite time; q. payable on demand; r. postdated s. qualified indorsement; t. restrictive indorsement; u. special indorsement; v. unqualified indorsement

Ficklin was an unqualified indorser on a note for $10,000. Dixon, the holder of the note, mistakenly believed that Ficklin was in financial ruin. Thinking that she could not collect on the note, Dixon struck out Ficklin’s indorsement. Is Ficklin still potentially liable on the instrument?

Choose the term that describes the best following statement: Indorsement that eliminates the indorser’s secondary liability to pay if the primarily liable party does not______. a. acceleration clause; b. accommodation party; c. antedated; d. bearer; e. bearer paper; f. blank indorsement; g. holder; h. indorsee; i. indorsement; j. indorser; k. money; l. negotiable; m. negotiable instruments; n. negotiation; o. order paper; p. payable at a definite time; q. payable on demand; r. postdated s. qualified indorsement; t. restrictive indorsement; u. special indorsement; v. unqualified indorsement

“Pay to Matt Jones” is a restrictive indorsement. True or False?

What might have been the result if the assignments of the note had ended with the indorsement on the fifth allonge?

Choose the term that describes the best following statement: A signature rendered on the back of a piece of commercial paper ______. a. acceleration clause; b. accommodation party; c. antedated; d. bearer; e. bearer paper; f. blank indorsement; g. holder; h. indorsee; i. indorsement; j. indorser; k. money; l. negotiable; m. negotiable instruments; n. negotiation; o. order paper; p. payable at a definite time; q. payable on demand; r. postdated s. qualified indorsement; t. restrictive indorsement; u. special indorsement; v. unqualified indorsement

If you also wrote in “without warranties” above your indorsement in exercise 8, would that helplimit your liability?

Choose the term that describes the best following statement: Someone who joins another in signing as a maker, drawer, acceptor, or indorser of an instrument in order to bolster the creditworthiness of the latter party ______. a. acceleration clause; b. accommodation party; c. antedated; d. bearer; e. bearer paper; f. blank indorsement; g. holder; h. indorsee; i. indorsement; j. indorser; k. money; l. negotiable; m. negotiable instruments; n. negotiation; o. order paper; p. payable at a definite time; q. payable on demand; r. postdated s. qualified indorsement; t. restrictive indorsement; u. special indorsement; v. unqualified indorsement.

The distribution of the number of errors that 10 students made on a typing test is shown.

Find each of these.

a. Mean

c. Variance

b. Modal class

d. Standard deviation

Assume that Rierson’s indorsement on the check was a forgery. Would a court be likely to hold the bank liable for the amount of the check because it failed to verify the signature on the check? Why or why not?

Choose the term that describes the best following statement: Dated later than the date of issuance ______. a. acceleration clause; b. accommodation party; c. antedated; d. bearer; e. bearer paper; f. blank indorsement; g. holder; h. indorsee; i. indorsement; j. indorser; k. money; l. negotiable; m. negotiable instruments; n. negotiation; o. order paper; p. payable at a definite time; q. payable on demand; r. postdated s. qualified indorsement; t. restrictive indorsement; u. special indorsement; v. unqualified indorsement

Choose the term that describes the best following statement: Indorsement that makes a paper payable to a particular party or to his or her order ______. a. acceleration clause; b. accommodation party; c. antedated; d. bearer; e. bearer paper; f. blank indorsement; g. holder; h. indorsee; i. indorsement; j. indorser; k. money; l. negotiable; m. negotiable instruments; n. negotiation; o. order paper; p. payable at a definite time; q. payable on demand; r. postdated s. qualified indorsement; t. restrictive indorsement; u. special indorsement; v. unqualified indorsement