When a promissory note is incomplete at the time the maker signs it, the maker is not obligated to pay.
Correct Answer:
Verified
Q9: Corporate officers are personally liable on instruments
Q10: An instrument is defective if it contains
Q11: Good faith includes the observance of reasonable
Q12: An instrument is not defective simply because
Q13: When a negotiable instrument is transferred, a
Q15: A holder is a person who, by
Q16: The good faith requirement applies only to
Q17: A person is liable on an instrument
Q18: A person will be afforded HDC protection
Q19: To qualify as an HDC, a person
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents