Question: 16. Beth buys a $500 promissory note for $50 from Cherl. When presented with Bens demand for payment, Dirk, the maker of the note, could
16. Beth buys a $500 promissory note for $50 from Cherl. When presented with Bens demand for payment, Dirk, the maker of the note, could successfully claim that Beth
a. acquired the note with notice that it was overdue.
b. did not acquire the instrument in good faith.
c. did not give value for the instrument.
d. none of the choices.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
