The effect of a conditional indorsement on the back of an instrument is the same as the effect of conditional language that appears on its face.
Correct Answer:
Verified
Q1: An order instrument is negotiated by delivery
Q4: An indorser who does not wish to
Q5: Knowledge of one defense precludes a holder
Q7: A person who accepts an instrument that
Q9: Indorsement can convert an order instrument into
Q10: If a person purchasing an instrument does
Q11: A special indorsement does not specify a
Q11: An instrument payable to two persons jointly
Q18: Under the UCC, a transfer of rights
Q25: Any irregularity on the face of an
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