Author Question: In good faith, Clinton gave Jane 500 for a negotiable promissory note made out to Jane for 550. She ... (Read 55 times)

Charlie · **on:** Jun 24, 2018

In good faith, Clinton gave Jane 500 for a negotiable promissory note made out to Jane for 550. She needed some money before the due date on the note, and Clinton had no notice of outstanding claims or other defects of the note. Clinton
A)has more rights than Jane.
B)has the same rights as Jane.
C)has only conditional rights because they depend on Jane's rights.
D)cannot transfer the note to anyone else.

Question 2

Because negotiable bearer documents are transferred by delivery, they are not used in foreign trade.
Indicate whether the statement is true or false