Lance indorses a promissory note to Connie in exchange for consideration. Unknown to Lance, the note is not good because the maker's signature was forged. Connie later attempts to present the instrument for payment to the original alleged maker, Lilly, who is able to deny liability for payment due to the forged signature. Connie may later sue Lance for breach of a transfer warranty
Indicate whether the statement is true or false
True
Business
You might also like to view...
A pulsating budget schedule means there is a level pulse of advertisements shown all year
Indicate whether the statement is true or false
Business
A bond is an obligation of the shareholders
a. True b. False Indicate whether the statement is true or false
Business
The indirect approach is the most appropriate method to use when developing any request for action
Indicate whether the statement is true or false.
Business
The use of self-reward strategies may be useful for persons who are:
a. quick to criticize others b. quick to criticize themselves c. not feeling self-doubt d. don’t feel guilt about doing bad
Business