Which of the Following Applies to Signers When Determining Signature

question 41

Multiple Choice

Which of the following applies to signers when determining signature liability?

• A) The location of the signature on an instrument usually determines the signer's capacity.
• B) Qualified indorsers and agents are primarily or secondarily liable on the instrument.
• C) Most indorsements appear on the front side of the instrument.
• D) It is usually presumed that the indorsement is someone else's signature unless the instrument clearly indicates that it is that of the indorser.

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Definitions:

Consumer

An individual who purchases goods or services for personal use.

Cancellation

The act of formally terminating or calling off a previously arranged event, agreement, or policy.

Destruction

The act of causing so much damage to something that it is beyond repair or no longer exists.

Obligation

A duty or commitment to act or perform in a certain way, often legally or socially binding.