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6. the validity and negotiable character of an instrument are not affected by the following omissions except
a, it is not dated
b. does not specify the value given, or that any value has been given therefore
c. does not specify where it is drawn or the place where it is payable
d. designates a particular kind of current money in which payment is to be made
e. none of the above
7. the instrument is negotiable
a. I promise to pay P20,000 signed Jose Santos
b. Pay to pedro Torres or order P20,000 if he marries Maria Cunanan
c. Good to Mario Cruz or order P20,000 Signed jose santos
d. I promise to pay Oscar Bamba or order 20 cavans of Ir rice in January , 2023 signed jose santos
e. None of the above
f. All of the above
8. payable to bearer
a. pay to bearer b P1,000
b. Pay to b, the Bearer, P1,000
c. Pay to possessor P,1000
d. All of the above
e. None of the above
9. the sum is a sum certain, although it is to be apid
a. with interest
b. by stated installment
c. with exchange
d. with cost of collection or an attorneys fee, in case payment shall not be made at maturity
e. all of the above
f. none of the above
10. An indorsement where the indorser adds the phrase without recourse is called
a. Blank indorsement
b. Restrictive indorsement
c. Qualified indorsement
d. Conditional indorsement
Answer & Explanation
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