If Any One Signs an Instrument That Is Apparently Not

question 38

Multiple Choice

If any one signs an instrument that is apparently not negotiable and the paper is later fraudulently converted into a negotiable instrument,the person who signed the instrument is:

• A) responsible to holder in due course.
• B) responsible to all the endorsers.
• C) not liable even for holder in due course.
• D) responsible for payee.

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Definitions:

Examining Data

The process of analyzing information or facts to draw conclusions or make decisions.

Central Tendency

A statistical measure that identifies the center of a data set, represented by mean, median, or mode.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values.

Correlational Coefficient

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing the direction and strength of a relationship between variables.