Sampsons name appeared as a maker of a $ 500 note. On the due date, Robbins, an

Question:

Sampson’s name appeared as a maker of a $ 500 note. On the due date, Robbins, an HIDC, presented the note to Sampson for payment. Sampson proved the signature to be a forgery and refused to pay. Can Robbins legally collect from Sampson?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Principles and Practices

ISBN: 978-1133586562

9th edition

Authors: Arnold J. Goldman, William D. Sigismond

See More Books

Question Posted: Sep 15, 2015 06:28 AM

See More Questions

As part of its ongoing efforts to uncover overhyped health claims in food advertising, the Federal Trade Commission issued an administrative complaint charging the maker of POM Wonderful 100%...
Name some qualitative factors that would cause a decision maker to favor the buy choice in a make-or-buy decision.
Sampson Industries manufactures plastic bottles for the food industry. On average, Sampson pays $ 78 per ton for its plastics. Sampsons waste disposal company has increased its waste disposal charge...
Find the point on the plane z = x + y + 1 closest to the point P = (1, 0, 0). Minimize the square of the distance.
How much wood is in that tree? For a sample of 12 trees, the volume of lumber (y) (in cubic meters) and the diameter (x) (in centimeters) at a fixed height above ground level was measured. The...
Repeat the analysis undertaken in Figure 20.5 to consider the possible subsequent effects following a period of demand-pull deflation.
The CFO of your firm has asked you for an approximate answer to this question: What was the increase in real purchasing power associated with both 3-month Treasury bills and 30-year Treasury bonds?...
1. What were the primary motivations that led Lin and his partner to try to start a new business in China? Given their experiences there, do you think they should have considered launching in another...
1. In the given reaction, XYZ3 2. 3. 4. 5. X+Y+3Z If one mole of each of X and Y with 0.05 mol of Z gives compound XYZ3. (Given: Atomic masses of X, Y and Z are 10, 20 and 30 amu, respectively.) The...
1. For the following case titled Sleepless Nights at Holiday Inn (published in Business Week and adapted here): a. Identify the problem b. Develop a theoretical framework c. Develop at least four...
An HIDC will take free of which of the following defenses? a. serious duress b. fraud in the execution c. a wrongfully filled- in amount payable that was omitted from the instrument d. an instrument...
In what capacity is an accommodation party liable?
Suppose instead that SSC has just made the $50 million distribution in the form of a stock repurchase. Now what is SSCs intrinsic value of equity? How many shares did SSC repurchase? How many shares...
Create a description of your family as a market segment using geographic, psychographic, and demographic factors. Suppose that youve been hired by a local independent bookstore to help its owner win...
1. Assuming Modern Cabinets applies $510,000 of factory overhead to all of its jobs this year but has actual factory overhead of $515,000, has overhead been over- or underapplied? 2. If the current...
A financial institution makes small loans to students. For example, it offers $500 for 16 weeks with $511.43 to be repaid at the end of this period. What is the financial institution's effective...
For h(x) = - 5(4)X, find h 5
On September 5, Grossman opened a checking account and negotiated a short-term line of credit of up to $10,900,000 at 10% interest. The company is not required to pay any commitment fees. Note: Enter...
In Exercises 24, find each indicated sum. 5 (2 + 10) i=1
Write a paper by answer the following question: Should Recycling Be Mandatory?
While Clara Novak was sick, her daughter Janie helped her in many ways. Clara died, and Janie then claimed that she was entitled to be paid for the services she had rendered her mother. This claim...
Dozier and his wife, daughter, and grandson lived in the house Dozier owned. At the request of the daughter and grandson, Paschall made some improvements to the house. Dozier did not authorize these,...
When Harriet went away for the summer, Landry, a house painter, painted her house. He had a contract to paint a neighbors house but painted Harriets house by mistake. When Harriet returned from...
In relational model, how to distinguish different keys (primary key,superkey, foreign key and so on)?
how to transform this from an EERD to a relational model diagram. Attribute_1-1A Attribute_1-1B Attribute_1-1 Attribute_1-1C Attribute_1-2 Entity 1 FK3 (M,M) Attribute_R_1-2-1 Rel_1-2 Attribute_2-1...
why is cardinality important to a relational database model? How is it usually defined and what types of GIS analysis operations is it particularly important to? Provide specific examples in your...

Sampsons name appeared as a maker of a $ 500 note. On the due date, Robbins, an

Question:

Step by Step Answer:

No a holder in due course is not permit...View the full answer

Business Law Principles and Practices

Students also viewed these Business Law questions