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Author Question: Assume that Joel signs a promissory note to Andrew, who in turn negotiates the instrument to Luke. ... (Read 37 times)

ashley

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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

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

TRUE


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