Jeane signs a promissory note to pay $5,000 to Naresh. Naresh negotiates the instrument and indorses it to Dolph. Dolph changes the payment amount to $50,000 and negotiates the note to Nicholas. Nicholas indorses the note and negotiates it to Mack
Nicholas and Mack are both unaware of Dolph's alteration. At this point, who has primary liability over the note?
A) Nicholas
B) Dolph
C) Naresh
D) Jeane
C
You might also like to view...
Which of the following is not true of a corporation?
a. It may enter into binding legal contracts in its own name. b. It may sue and be sued. c. The acts of its owners bind the corporation. d. It may buy, own, and sell property.
Which of the following focuses on finding new ways to solve customer problems and create more customer-satisfying experiences?
A) concept testing process B) customer value proposition C) customer-centered new product development D) customer lifetime value E) team-based new product development
Which of the following statements about business-value-added activities (BVAs) is true?
a. BVAs reflect the same processes in all organizations. b. A process map will not reflect BVAs because such activities are not essential to process performance. c. BVAs are actually value-added activities of an organization that relate to administrative processes. d. It is impossible to eliminate all BVAs in an organization.
The American public relations experience dates back to the founding of the republic
Indicate whether the statement is true or false