Question: Marit worked for Town Garden a landscape design service
Marit worked for Town & Garden, a landscape design service, owned by Donald. Marit signed a note payable to Donald to become a co-owner of Town & Garden. The note, which was undated, required installment payments, but Donald never asked for them. Is Marit’s note a demand note? Explain.
Answer to relevant QuestionsMichael Scotto borrowed $ 2,970 from Cindy Vinueza. Both of their signatures appeared at the bottom of a note that stated, “I Michael Scotto owe Cindy Vinueza $ 2,970 (two thousand and nine- hundred & seventy dollars) & ...Ben contracts with Amy to fix her roof. Amy writes Ben a check, but Ben never makes the repairs. Carl knows Ben breached the contract, but cashes the check anyway. Can Carl become an HDC? Why or why not? Angela Brock borrowed $ 544,000 and signed a note payable to Amerifund Mortgage Services, LLC, to buy a house in Silver Spring, Maryland. The note was indorsed in blank and transferred several times “without recourse” ...Adley Abdulwahab (Wahab) opened an account on behalf of W Financial Group, LLC, with Wells Fargo Bank. Wahab was one of three authorized signers on the account. Five months later, Wahab withdrew $ 1,701,250 from W ...Timothy Martinez, owner of Koenig & Vits, Inc. (K& V), guaranteed K& V’s debt to Community Bank & Trust. The guaranty stated that the bank was not required to seek payment of the debt from any other source before enforcing ...
Post your question