Question: help woth these 3 please asap 38. Ron issues a draft telling Bob to pay $1,000 to the order of accepted on May 28, 2020,
38. Ron issues a draft telling Bob to pay $1,000 to the order of "accepted" on May 28, 2020, what should he do on that date? If Pete wants to have the draft a. Ask Ron to sign it on the back. b. Ask Bob to sign it on the back. c. Ask Bob to sign it on the front. d. Ask Bob to write "without recourse" anywhere on the instrument. e. Ask Bob to pay him the money on that date. 39. Tom, an HDC, presents a demand note to Ellen for payment and is paid the amount due. But Ellen does not take the note from Tom to destroy it or mark it "paid." Tom takes the note and sells it to Barry, an HDC, who does not know Ellen already paid. Barry presents it Ellen for payment and Ellen says, "Hey, no way, I already paid this off!" and she refuses to pay again. She has a receipt from Tom proving she paid. True or False: Since Ellen has already paid off this note and can prove she did, she will not have to pay Barry again. True 40. I am tired of making up questions for this darn exam. Just mark this one TRUE and you'll get credit for it. Now can I please go back to my drinking? True
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