Explain liabilities for payment of instrument


By making an indorsement, an indorser, with the exception of a qualified indorser, agrees to pay any subsequent holder the face amount of the instrument if the holder presents the instrument to the primary party when due, and the primary party refuses to pay. The holder must then give the indorser in question notice of such default. This notice may be given orally, or it may be given by any other means, but it must be given before midnight of the third full business day after the day on which the default occurs.?

Business

You might also like to view...

According to Roger's diffusion theory, most customers will not purchase expensive products without the "hands-on" experience marketers call "trial."

Indicate whether the statement is true or false

Business

Management change and Intrapreneurship are considered which type of force for change?

What will be an ideal response?

Business

Explain the pattern for incorporating graphics in a text and how this relates to the ideal positioning of a graphic

Business

The Senate must confirm each justice that is nominated to the federal courts

Indicate whether the statement is true or false

Business