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Tina indorses a check. Tina is potentially liable

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26. Tina indorses a check. Tina is potentially liable for;a. any amount paid on the check after Tina indorsed it.;b. any amount paid on the check at any time.;c. any amount paid on the check before Tina indorsed it.;d. the amount paid to Tina when she indorsed the check.;27. Ann is the maker of a $1,000 promissory note in favor of Bob. Bob indorses the note to Cody who, in turn, indorses it to Dru, the present holder. The party entitled to recover payment from Cody is;a. Ann.;b. Bob.;c. Dru.;d. no one.;30. Hobie, the chief executive officer of Ideal Gamers, Inc. (IGI), inten?tionally understates the amount of IGI?s debts in information provided to investors as part of an issue of IGI stock. Jack buys the stock and suffers a loss. Hobie may be subject to;a. government prosecution and Jack?s suit.;b. neither government prosecution nor Jack?s suit.;c. only government prosecution.;d. only Jack?s suit.

 

Paper#34141 | Written in 18-Jul-2015

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