Kay signed a promissory note for $220,000 that was payable to Investments, Inc. The company then indorsed

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Kay signed a promissory note for $220,000 that was payable to Investments, Inc. The company then indorsed the note over to its lawyers to pay past and future legal fees. Were the lawyers holders in due course?

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Business Law and the Legal Environment

ISBN: 978-1111530600

6th Edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson, Dean A. Bredeson

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Question Posted: Dec 20, 2012 03:24 AM

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Kay signed a promissory note for $220,000 that was payable to Investments, Inc. The company then indorsed

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The lawyers could not be holders in due course unless they ha...View the full answer

Business Law and the Legal Environment

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