1) Multi-Part Commercial Paper question - Answer ether True or False
a) A guarantor who signs an instrument and writes "payment guaranteed" on it is primarily liable on the instrument.
b) A negotiable instrument may be payable in gold.
c) A bearer instrument is negotiated by delivery alone.
d) Dishonor occurs when a maker fails to pay a note upon proper presentment.
e) Only a holder or his agent may discharge an indorse by cancellation.
f) The last indorsement on a draft determines whether the draft is an order or bearer instrument.
g) Presentment for payment of a note may be made to the maker of the note.
h) A note payable "upon the death of Joe Jones" is negotiable.
i) Presentment for payment of a note may only be made in person.
j) When a check is certified by a holder, all prior indorsers are discharged on the check.