Consequences of blanks left in an instrument

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Reference no: EM133935357

Question

1. How does a customer limit liability for an Electronic Funds Transfer?

2. What are the consequences of blanks left in an instrument?

3. Must the signature on a negotiable instrument be handwritten, in order for it to be valid?

4. How does the owner of a negotiable instrument go about transferring that instrument to someone else?

5. How long is a bank required to maintain copies of customers' checks?

6. If an instrument is signed in pencil, does that affect its validity as a negotiable instrument?

7. If a negotiable instrument calls for payments in Mexican pesos, dues that impact the validity of the instrument?

8. A negotiable instrument often shows the amount due written in both numerical and in word form. If there is a discrepancy between these two forms, which form controls?

9. If an order instrument fails to list the correct legal name of the entity, is the instrument still negotiable?

Reference no: EM133935357

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