1. While walking along a sidewalk, Giron found an uncashed check that was payable to the order of Luciano P. Mancuso.Giron took the check to a bank, claiming that he was a bearer of the instrument.Do you agree with Giron?Why or why not?
2. In number one above, was that check order paper or bearer paper?Explain.
3. October 17, 2006, Winchester Massachusetts.Eighteen months after date, I promise to pay to the order of Margaret Otis, $1,000 with interest.Given in payment of merchandise.Signed Henry Mohr.Was this instrument negotiable?Why or why not?
4. Allen wrote a check to David for $100 in payment for a used printer.David indorsed the check in blank and gave it to Earnest in exchange for two tickets to a baseball game.Was the transfer of the check to Earnest a negotiation?Explain.
5. Horne went to his bank and deposited a $300 local check that was payable to him on Tuesday at 3:45 p.m.The bank's cut-off hour for the day's transactions was 2:00 p.m.Will the entire $300 be available to Horne on Thursday?Explain.