Question: One who _ _ _ _ _ _ _ _ _ _ a negotiable instrument has not taken it for value and cannot meet the

One who __________ a negotiable instrument has not taken it for value and cannot meet the UCC's value criterion.
Question 43 options:
pays for
removes
finds
All of the choices are correct.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Mid Wisconsin Bank v. Forsgard Trading, Inc Forsgard Trading, Inc., opened an account at Mid Wisconsin Bank. The account agreement stated that items, accepted for deposit "will be given provisional...

Q:

5. In addition to being in writing, an unconditional order or promise to pay must be for a definite sum of money. To be negotiable under Article 3 of the UCC, an instrument also must meet which of...

Q:

One who _ _ _ _ _ _ _ _ _ _ a negotiable instrument has not taken it for value and cannot meet the UCC's value criterion. Question 4 3 options: pays for removes finds All of the choices are correct.

Q:

One who _ _ _ _ _ _ _ _ _ a negotiable instrument has not taken it for value and cannot meet the UCC s value criterion.

Q:

Wawel Savings Bank entered into a loan agreement with Jersey Tractor Trailer Training (JTTT), Inc., for the amount of $315,000. In the agreement, JTTT pledged all capital equipment and assets of the...

Q:

We granted certiorari in this case to address an issue of first impression in Colorado regarding whether under [UCC] 1-201(b)(20) and [UCC] 3-302, C.R.S. (2007), Colorados codification of the...

Q:

summery of case study 26.3 pls Roger LeRoy Miller Kenneth W. Q Spotlight on Holder in Due Course Case 26.3 Georg v. Metro Fixtures Contractors, Inc. Supreme Court of Colorado, 178 P.3d 1209 (2008)...

Q:

Is RR Maloan an HDC? Name the elements of an HDC and analyze them in relation to RR Maloan as an HDC? Explain in paragraph form. A check cashing service, RR Maloan Investments, Inc. sued New Houston...

Q:

Is RR Maloan an HDC? Name the elements of an HDC and analyze them in relation to RR Maloan as an HDC? Explain in paragraph form. A check cashing service, RR Maloan Investments, Inc. sued New Houston...

Q:

FOR THE FOLLOWING QUESTIONS, INDICATE WHETHER THE ANSWER IS TRUE OR FALSE. 1. "Personal" defenses to liability on a negotiable instrument include lack of consideration, failure of consideration,...

Q:

What are the four steps involved in developing personal creativity?

Q:

Sales Order Processing Procedures and Processes Your group, after receiving a report prepared by a consultant hired by the company, compiles the following information: For some of the orders from...

Q:

ra nonpublic company audit after issuance of the audit report, within how many days should the auditor complete its assembly of e final audit file ( with documentation supporting the report ) ?...

Q:

2. The force of interest 8 is a function of time and at any time t, measured in years, is given by the formula: 8(t) = 0.02 +0.0020 8(t) = 0.03 +0.005t Osts5 5 st s 10 a) Calculate the discount...