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    Nego

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    Elma Joyce Bondoc

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    Nego

    Uploaded by

    Elma Joyce Bondoc
    10 views1 page

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    nego

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    10 views1 page

    Nego

    Uploaded by

    Elma Joyce Bondoc

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    © All Rights Reserved
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    of 1
    |. Indicate what type of indorsementis made in the folowing examples. a Pay A Sod. B b So.B € Pay to C ont. S96. B or Pay Cand no other person. Sod. B 4. Pay tC for collecton. Sgd. B or Pay to C for deposit Sad. B Pay w Xin tustfor C. Sod. B {Pay to X forthe use of C. Sg. B 9 Pay oC. atindorsee's risk Sod Bor Sans recourse, Pay oC. Sod. B or Without recourse, Pay oC. Spd. B ‘h Pay Xf he passed the board exam. Sod B Pay X. notice of dishonor waived. Sod B Fut sou 3 PN payable to bearer to A A negated ito B by delivery. B nego ito C by Speci ndrsement.C negated D by ‘Special Indore negotiated ito E by mere defvery. To whom sil B ate? aC,Dand b.Conly ¢. Cand D ony C.D and E only ‘2M sued a PN payable order to A.A negated itt B by blank indorsement 6 negotated 2b by mere dewey. C negutated 2 D by ‘Special Indorsement.D negotiated ito E by mere delivery. ts the negoalion to E vad? «Yes because of bank indorsement. No because the instruments payable to order. Yes because instrument payable to bearer can be converted to order instrument. 1. No because oner instruments abways order instrument. 4 The holder ofa negofable instrument may a any time stikz ou any indorsement nt necessary to his fie. What are the eflcs of sbking out indorsement? |. The indorser whose indorsementis struck outisreSeved fom his kabilly on the instrument. |All subsequent indorsers are kewise refeved from their Kabity on the instument. alony bllony Both i andl Neither | nor I 5. Miissues a PN payable fo order to A.A special indorsed ito B.B specily indorsed ito CC specially indorsed ito D. Which indorsement can ‘be strike out by D? aAwB bBDe CwD None 6. Missues A PN payable fo order to A.A special ito B.B special indorsed it to C. C indorsed tin bank to D. speciay indorsed tp EE “specially indorsed it to F. Which indorsement can be stiked out by F? aAwB DEF cDbE dCwD 7. Missues A PN payable fo bearer to A.A specially it to B. B special indorsed itp CC indorsed @in blank to DD specially indorsed tt ‘specially indorsed it F. Which indorsement can be sirked out by F? aAbBony bEWFony cDbE

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