Holiday made out a promissory note to Anderson, leaving the date of payment of the note blank.

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Holiday made out a promissory note to Anderson, leaving the date of payment of the note blank. Anderson filled in the words “on demand” in the blank without Holiday’s knowledge. Does this alter the rights or obligations of the parties?

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Law for Business

ISBN: 978-1259722325

13th edition

Authors: A. James Barnes, Terry M. Dworkin, Eric L. Richards

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Question Posted: Feb 04, 2019 10:21 AM

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Holiday made out a promissory note to Anderson, leaving the date of payment of the note blank.

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No Under UCC Section 3108 the instrument was payable o...View the full answer

Law for Business

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