Questions from Business Law

Q: What are three exceptions to the Statute of Frauds?

What are three exceptions to the Statute of Frauds?

Q: Must a negotiable instrument contain a promise or order to pay?

Must a negotiable instrument contain a promise or order to pay?

Q: When may reference to other agreements be made in a negotiable instrument

When may reference to other agreements be made in a negotiable instrument without destroying its negotiability?

Q: What is the difference between a blank and a special indorsement?

What is the difference between a blank and a special indorsement?

Q: What is the difference between a holder and a holder in due

What is the difference between a holder and a holder in due course?

Q: What is the practical reason for the warranty that a check presented

What is the practical reason for the warranty that a check presented for payment has not been altered since its issuance?

Q: How can a holder take an instrument for value?

How can a holder take an instrument for value?

Q: What kinds of defects in an instrument will prevent a holder knowing

What kinds of defects in an instrument will prevent a holder knowing about those defects from acquiring HDC status?

Q: Compare the concepts of primary and secondary liability under a contract theory

Compare the concepts of primary and secondary liability under a contract theory of law.

Q: When may a person whose forged signature appears on a negotiable instrument

When may a person whose forged signature appears on a negotiable instrument be liable under that instrument?