Question: Ada executed a promissory note forP 5 , 0 0 0 . 0 0 payable to the order of Bada for the purchase of a
Ada executed a promissory note forP payable to the order of Bada for the purchase of a certain merchandise from Bada. Only one half of the merchandise was delivered; but Bada nonetheless indorsed the promissory note to Cada for value. Prior to maturity, Cada indorsed the note at a discount to Dada, who had knowledge of Bada's partial failure to deliver the merchandise.Q: Can Dada now recover the full amount of the promissory note? EXPLAIN.Q: If instead of being indorsed to Dada, the promissory note was reacquired by Bada.Can Bada now hold Ada liable on his promissory note? EXPLAIN.
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