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Blaw Test 2 With Verified Questions And Answers [Graded A+]

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BLAW TEST 2 WITH VERIFIED QUESTIONS AND ANSWERS [GRADED A+] Requirements for Negotiability - 1. Be in writing 2. Be signed by the maker or the drawer 3. Be an unconditional promise or order to pay order or bearer 4. State a fixed amount of money (sum certain) 5. Be payable on demand or at a definite time 5 types of Indorsements - 1. Blank 2. Special 3. Qualified 4. Restrictive 5. Combo 5 Warranties - 1. No forgeries ©morren2026/2027.Year published 2026.

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BLAW TEST 2 WITH VERIFIED

QUESTIONS AND ANSWERS [GRADED

A+]



Requirements for Negotiability - ✔✔1. Be in writing

2. Be signed by the maker or the drawer

3. Be an unconditional promise or order to pay order or bearer

4. State a fixed amount of money (sum certain)

5. Be payable on demand or at a definite time



5 types of Indorsements - ✔✔1. Blank

2. Special

3. Qualified

4. Restrictive

5. Combo



5 Warranties - ✔✔1. No forgeries


©morren2026/2027.Year published 2026.

, 2. No material alteration

3. No insolvency

4. No claims or Defenses

5. Entitles to get Paid



Universal (Real) Defenses - ✔✔*Valid against all holders, including

holders in due course

1. Forged signatures

2. Material alteration

3. Discharge in bankruptcy

4. Fraud in the execution

5. Judicial Insansity/court order



Personal (Limited) Defenses - ✔✔*Valid against ordinary holders but not

against holders in due course

1. Lack or failure of consideration

2. Breach of contract (including breach of contract warranties)

3. Wrongful completion: Unauthorized completion of an incomplete

instrument and nondelivery of the instrument

4. Duplicate payment: Previous payment or cancellation of the instrument


©morren2026/2027.Year published 2026.

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September 14, 2026
Number of pages
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Written in
2026/2027
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