This topic contains a solution. Click here to go to the answer

Author Question: The servient estate is the owner of the easement. Indicate whether the statement is true or ... (Read 47 times)

fasfsadfdsfa

  • Hero Member
  • *****
  • Posts: 554
The servient estate is the owner of the easement.
  Indicate whether the statement is true or false

Question 2

Isidro issued a negotiable promissory note to his attorney in return for the attorney's promise to perform legal services. The attorney never rendered the legal services but quickly negotiated the note to Anna, a holder in due course. Anna and Mark were involved in business negotiations and Anna offered to purchase a car from Mark. She offered as part payment for the car the note issued by Isidro. By coincidence, Mark knew both Isidro and the attorney and the facts concerning the note and the unperformed legal services. Despite this, Mark accepted a negotiation of the note from Anna. Isidro refused to pay the note and Mark eventually sued Isidro to collect. What is the probable outcome?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

qytan

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

FALSE

Answer to Question 2

Mark knew of the defense of the maker, Isidro. Accordingly, Mark was not a holder in due course. Mark does, however, qualify as a holder through a holder in due course, and will therefore be entitled to collect. Isidro's defense, breach of contract, is a limited defense not available against a party with the rights of a holder in due course.




fasfsadfdsfa

  • Member
  • Posts: 554
Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it


bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

For a complete list of videos, visit our video library