Sasha owes $600 to Yale, who asks Sasha to sign an instrument for the debt. If included on that instrument, which of the following would prevent its negotiability—“I.O.U. $600,” “I promise to pay $600,” or an instruction to Sash’s bank stating, “I wish you would pay $600 to Yale”?
Answer to relevant QuestionsMarit 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 ...1. How do the requirements for negotiation of an instrument with a blank qualified indorsement, as was used in this case, differ from those for negotiation of an instrument with a special qualified indorsement? 2. Suppose ...Skye asks Jim to buy a textbook for her at the County Community College campus bookstore. Skye writes a check payable to the bookstore and leaves the amount blank for Jim to fill in the price of the book. The cost of the ...Debbie Brooks and Martha Tingstrom lived together. Tingstrom handled their finances. For five years, Brooks did not look at any statements concerning her accounts. When she finally reviewed the statements, she discovered ...Bill and Betty Ma owned half of a two- unit residential building. Betty lived in the unit, but Bill did not. To collect a judgment against the Mas, Mei- Fang Zhang obtained a writ of execution directing the sheriff to seize ...
Post your question