Reference no: EM131905190

1.) Multi-Part Commercial Paper question - Answer ether True or False

a.) A guarantor who signs an instrument and writes "payment guaranteed" on it is primarily liable on the instrument.

b.) A negotiable instrument may be payable in gold.

c.) A bearer instrument is negotiated by delivery alone.

d.) Dishonor occurs when a maker fails to pay a note upon proper presentment.

e.) Only a holder or his agent may discharge an indorse by cancellation.

f.) The last indorsement on a draft determines whether the draft is an order or bearer instrument.

g.) Presentment for payment of a note may be made to the maker of the note.

h.) A note payable "upon the death of Joe Jones" is negotiable.

i.) Presentment for payment of a note may only be made in person.

j.) When a check is certified by a holder, all prior indorsers are discharged on the check.