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 book is $100. Jim fills in the check for $200 before he gets to the bookstore. The clerk at the bookstore gives Jim the book and takes the check for $200. Is the bookstore a holder in due course (HDC) of Skye’s check.
Answer to relevant QuestionsAngela 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” ...The Ethical DimensionIn what ways was Rosol’s apparent motive similar to the most common reason that ethical problems occur in business? The Legal Environment DimensionHow do the rules concerning liability on a forged ...WHAT IF THE FA CTS WERE DIFERENT? Suppose that the parties had carefully read the contract before they signed it. If they had been sure that the agreement stated what they intended and if every-thing discussed was in ...Brent Avery, on behalf of his law firm— The Law Office of Brent Avery— contracted with Marlin Broadcasting to air commercials on KRTV, a local radio station. Avery, who was the sole member of his firm, helped to create ...Nick Sabol, doing business in the recording industry as Sound Farm Productions, applied to Morton Community Bank for a $ 58,000 loan to expand his business. Besides the loan application, Sabol signed a promissory note that ...
Post your question