Assume that there is promissory note, maker is A, payee is B. At the back of the

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Assume that there is promissory note, maker is A, payee is B. At the back of the promissory note there are endorsements of B, C and D. You are last holder of a promissory note that has maturity date 08.09.2020.

a) To be able to get your credit to whom first you have to apply?

b) If the signature of C is invalid (void) due to his full incapacity, will it affect the validity of the promissory note? Explain shortly

Related Book For answer-question

Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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Posted Date: Jul 12, 2020 05:37 AM

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Assume that there is promissory note, maker is A, payee is B. At the back of the

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a I the last holder of the promissory note will be abl... View the full answer

Financial Accounting Information For Decisions

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