QUESTION 37 If an instrument is made payable to a person under the wrong name,...
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QUESTION 37 If an instrument is made payable to a person under the wrong name, it is lawful for the payee to endorse/indorse the instrument either under her true name or under the mistaken name or both True False QUESTION 38 Lack of consideration and breach of cortevact can be asserted as valid defenses to the payment of a negotiable instrument in the hands of a holder in due course. True False QUESTION 39 The form of endorsementindorsement can convert order paper to bearer paper, or bearer paper to order paper. True IN False
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