An incompetent person who makes, signs, and delivers a negotiable instrument cannot be held liable for its payment.

Name: An incompetent person who makes, signs, and delivers a negotiable instrument cannot be held liable for its payment.
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Question

Quizplus · Accepted Answer

An incompetent person, such as a minor or someone declared mentally incapacitated, lacks the legal capacity to enter into binding contracts, including negotiable instruments, and therefore cannot be held liable for their payment.

An Incompetent Person Who Makes, Signs, and Delivers a Negotiable