Without authority to do so, Allen signed Bakers name on a note, promising to pay Cohen $5,000
Question:
Without authority to do so, Allen signed Baker’s name on a note, promising to pay Cohen $5,000 in 30 days. The note was negotiated to Davidson who was a holder in due course. Will Davidson be successful in recovering the $5,000 from Baker in court? Why or why not?
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In this scenario the ability for Davidson as a holder in due course to recover from Baker depends on ...View the full answer
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Related Book For 
Business Law With UCC Applications
ISBN: 9780073524955
13th Edition
Authors: Gordon Brown, Paul Sukys
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