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

Author Question: _____ is a unilateral act of a holder of an instrument, usually without consideration, whereby the ... (Read 78 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
_____ is a unilateral act of a holder of an instrument, usually without consideration, whereby the holder gives up rights on the instrument.
 A) Refutation
 B) Cancellation
 C) Repudiation
 D)Renunciation

Question 2

Jeff purchased in good faith a warehouse receipt for 1,000 pairs of running shoes without notice of any defense to it, for value, and in the regular course of his business. Unknown to Jeff, the goods had been stolen from Jane and delivered to the warehouse that issued the receipt purchased by Jeff. Which of the following statements is true?
 A) Jeff holds a duly negotiated document of title and is not subject to Jane's title.
 B) Jane is entitled to the goods and will prevail over Jeff.
 C) Jeff is not a holder of a duly negotiated document.
 D) Jane cannot recover the goods but can sue the warehouse for conversion.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Answer to Question 1

D

Answer to Question 2

B





 

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

For a complete list of videos, visit our video library