FSE 2930 Professional Review Business Law Questions And Answers
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Course
FSE 2930
Institution
FSE 2930
FSE 2930 Professional Review Business Law Questions And Answers
the property of a good or a commodity whose individual units are capable of mutual substitution, such as crude oil, shares in a company, bonds, precious metals or currencies ANS fungible goods
What type of warranty is imposed by l...
FSE 2930 Professional Review Business Law
Questions And Answers
the property of a good or a commodity whose individual units are capable of mutual substitution,
such as crude oil, shares in a company, bonds, precious metals or currencies ANS fungible goods
What type of warranty is imposed by law? ANS Implied warranty
Insurance that covers business liability to customers of others who might be injured from the product
sold to them ANS liability insurance
the person (or bank) who is expected to pay a check or draft when it is presented for payment ANS
drawee
party to whom instrument is payable ANS Payee
person who executes a draft for the payment of money ANS Drawer
Insurance that provides death benefits to the survivors of the insured ANS life insurance
person who agrees to pay a draft [a drawee who has accepted a draft] ANS Acceptor
person who executes a note [person who signs or is identified in a note as a person undertaking to
pay] ANS Maker
the person in possession of a negotiable instrument ANS Bearer
the person entitles by name to the possession of the negotiable instrument with the right to receive or
recover the amount ANS Holder
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