chapter 6 - officer thereafter sells the note to...

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Felicia, an elderly woman, does not speak or read English well. Felicia is a recent immigrant to this country. A dishonest immigration officer tells Felicia to sign several documents as being necessary to maintain her legal alien status. Unknown to Felicia she signs a promissory note. The immigration
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Unformatted text preview: officer thereafter sells the note to Neighborhood Bank, a holder in due course, who goes after Felicia for payment of the note. Felicia's defense to the Neighborhood Bank is: Correct Answer: fraud in the execution-a real defense....
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This note was uploaded on 06/17/2011 for the course ECON 136 taught by Professor Hata during the Spring '11 term at Alexandria Technical College.

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