Asked by Erick Varela on Jun 29, 2024
Verified
The drawee does not have liability on the instrument until it ________ the instrument.
A) transfers
B) signs
C) negotiates
D) makes
Instrument
A legal document formally evidencing a right, obligation, or financial transaction.
Certifies
Indicates the act of confirming or acknowledging something officially.
Liability
A legal responsibility for one's actions or omissions, which may result in having to pay damages or make restitution in a civil lawsuit.
- Comprehend the responsibilities and duties of the acceptor or drawee within a negotiable instrument.
Verified Answer
ZK
Zybrea KnightJul 06, 2024
Final Answer :
B
Explanation :
The drawee does not have liability on the instrument until it signs the instrument.
Learning Objectives
- Comprehend the responsibilities and duties of the acceptor or drawee within a negotiable instrument.