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

Author Question: A holder for value and in good faith with no knowledge of dishonor, defenses, or claims, or that ... (Read 165 times)

jparksx

  • Hero Member
  • *****
  • Posts: 570
on: Jun 24, 2018
A holder for value and in good faith with no knowledge of dishonor, defenses, or claims, or that paper is overdue is known as a _____.
 A) holder in presentment
 B) holder in due course
 C) holder in good faith
 D)holder in liability

Question 2

Hal was a merchant who deposited 2,000 barrels of olive oil in a public warehouse operated by Welcome Warehouse. Hal was issued a warehouse receipt for the 2,000 barrels that by its terms was deliverable to bearer. Hal had engaged in many other transactions with Welcome and was in arrears for quite a bit of money to Welcome. Hal duly negotiated the warehouse receipt to Esmeralda Enterprises in payment of cash. Hal's financial affairs continued to deteriorate and Welcome never was paid the debt. When Esmeralda's agent requested the oil and offered to remit the warehouse receipt, Welcome refused to release the oil, claiming a lien on the oil for Hal's debt. Esmeralda sued. Decide the case.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

b614102004

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 24, 2018
Answer to Question 1

B

Answer to Question 2

The holder of a negotiable warehouse receipt acquires the direct obligation of the issuer to deliver the goods according to the terms of the warehouse receipt. Esmeralda is unaffected by Hal's debt to Welcome.


jparksx

  • Member
  • Posts: 570
Reply 2 on: Jun 24, 2018
:D TYSM

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Natural defenses against stomach acid Natural defenses against stomach acid
The battle plan of the body’s defenses. The battle plan of the body’s defenses.
A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ... A typical good oxygen sensor waveform as displayed on a digital storage oscilloscope. Look for ...
Good contact feels full, confident, and deliberate and establishes a warm connection between massage ... Good contact feels full, confident, and deliberate and establishes a warm connection between massage ...
Almonds and other nuts are also good sources of protein Almonds and other nuts are also good sources of protein
Group Defenses: Musk Oxen Group Defenses: Musk Oxen
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library