Don signs a note that states, Payable in thirty days. The note is dated March 2, which
Question:
Don signs a note that states, “Payable in thirty days.” The note is dated March 2, which means it is due April 1. Jo buys the note on April 12. She is
a. an HDC to the extent that she paid for the note.
b. an HDC to the extent that the note is not yet paid.
c. not an HDC.
d. none of the above.
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The answer is c not an HDC Heres why Jo does not meet the r...View the full answer
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Related Book For 
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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