This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In good faith, Clinton gave Jane 500 for a negotiable promissory note made out to Jane for 550. She ... (Read 34 times)

Charlie

  • Hero Member
  • *****
  • Posts: 640
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


Charlie

  • Member
  • Posts: 640
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

“To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This “To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This
A typical open-end wrench. Note the size difference on each end and that the head is angled 15 ... A typical open-end wrench. Note the size difference on each end and that the head is angled 15 ...
Make a note of the reading on the gauge after the first “puff,” which indicates the first ... Make a note of the reading on the gauge after the first “puff,” which indicates the first ...
Proteins Are Made of Amino Acids Proteins Are Made of Amino Acids
What is the current in Figure 16-1(b) if the diode is made of silicon and the polarity of the ... What is the current in Figure 16-1(b) if the diode is made of silicon and the polarity of the ...
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Stroke volume - afterload definition & hypertension

For a complete list of videos, visit our video library