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

Author Question: _____ is a unilateral act of a holder of an instrument, usually without consideration, whereby the ... (Read 83 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
on: Jun 24, 2018
_____ 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
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


Lobcity

  • Hero Member
  • *****
  • Posts: 524
Reply #2 on: Jun 24, 2018
Correct answers!


tjayeee

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Earwax has antimicrobial properties that reduce the viability of bacteria and fungus in the human ear.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

HP-01 wrist instrument, 1977 HP-01 wrist instrument, 1977
Vacutainer brand safety lock needle holder. Vacutainer brand safety lock needle holder.
Hydronephrosis: bilateral (left), unilateral (right). Hydronephrosis: bilateral (left), unilateral (right).
Measurement of Temperature: Instrument Shelters Measurement of Temperature: Instrument Shelters
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Video: Primary and secondary response to infection

For a complete list of videos, visit our video library