received an indorsement from C. The indorsement was located at the back of the check. Upon inspection, H noticed that the check does not have a date. What is the effect to the negotiable instrument? A. The negotiable instrument is invalidated because the date signifies the maturity of the instrument B. The negotiable instrument is lacking a very important detail particularly the seal of the indorser C. The missing date does not affect the negotiability of instrument D. It is not the date which is important. It is the acceptance of the drawer for the indorsement made by C
received an indorsement from C. The indorsement was located at the back of the check. Upon inspection, H noticed that the check does not have a date. What is the effect to the negotiable instrument? A. The negotiable instrument is invalidated because the date signifies the maturity of the instrument B. The negotiable instrument is lacking a very important detail particularly the seal of the indorser C. The missing date does not affect the negotiability of instrument D. It is not the date which is important. It is the acceptance of the drawer for the indorsement made by C
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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H received an indorsement from C. The indorsement was located at the back of the check. Upon inspection, H noticed that the check does not have a date. What is the effect to the negotiable instrument?
A. The negotiable instrument is invalidated because the date signifies the maturity of the instrument
B. The negotiable instrument is lacking a very important detail particularly the seal of the indorser
C. The missing date does not affect the negotiability of instrument
D. It is not the date which is important. It is the acceptance of the drawer for the indorsement made by C.
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