« previous next »

Author Question: Assume that Joel signs a promissory note to Andrew, who in turn negotiates the instrument to Luke. ... (Read 38 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
on: Jun 24, 2018
Assume that Joel signs a promissory note to Andrew, who in turn negotiates the instrument to Luke. Of the three, Joel is the only person who has primary liability.
  Indicate whether the statement is true or false

Question 2

When a party takes a negotiable document as a good faith purchaser, it generally acquires even greater rights in the document than the one from whom it had been negotiated.
  Indicate whether the statement is true or false


milbourne11

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Note the tumor visualized with the use of a colonoscope. Note the tumor visualized with the use of a colonoscope.
Signs of venous and arterial insufficiency Signs of venous and arterial insufficiency
General Andrew Jackson, on the horse, exhorts his men to throw back the advancing British; they succ General Andrew Jackson, on the horse, exhorts his men to throw back the advancing British; they succ
Common skin signs are often evidence of an illness or disorder. An erosion or ulcer is an eating or ... Common skin signs are often evidence of an illness or disorder. An erosion or ulcer is an eating or ...
Schematic of a typical electronic throttle control (ETC) system. Note that terminal #5 is always ... Schematic of a typical electronic throttle control (ETC) system. Note that terminal #5 is always ...
Turn head for access to posterior cervical muscles. Locate TrPs along posterior cervical muscles, ... Turn head for access to posterior cervical muscles. Locate TrPs along posterior cervical muscles, ...
Video: Calvin cycle (The light-independent reactions )

For a complete list of videos, visit our video library