For an instrument to be negotiable, the maker must pledge:
a. A particular type of fund.
b. His or her general credit.
c. Interest payments.
d. Attorneys fees in the event of collection proceedings.
In the extension clause in an instrument is at the option of the holder, no _______ is required for payment.
a. Time limit.
b. Payment in full.
c. Interest.
d. Attorney fee or collection fee.
A person cannot ______ an interest in property which is greater than he or she owns.
a. Purchase.
b. Invest in.
c. Acquire.
d. Transfer.
A blank indorsement consists of __________.
a. The indorser’s name written on the instrument.
b. The person to whose order the instrument is payabe.
c. No name written on the instrument.
d. A fictitious name written on the instrument.