Entrepreneur llc owes sole saver auto dealership 2000

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Entrepreneur LLC owes Sole Saver Auto Dealership $2,000. Entrepreneur executes a note to Sole Saveras security for the debt. This securitya.satisfies the consideration requirement for HDC status.b.does not constitute sufficient consideration for HDC status.c.satisfies the value requirement for HDC status.
Lindsey, an accountant for Madison & Monroe, acquires a negotiable instrument from Norma bypromising to pay its face value in thirty days. Lindsey acquires the status of an HDC when she
Sergio makes a gift of a check to Todd who takes it in good faith and without notice of any claim,defense, or defect. With respect to this check, Todd is
Vicenzo, in good faith and for value, gets from Wren a check “payable to the order of bearer.” Vicenzodoes not know that Wren stole the check. Vicenzo is
Talia, who is not a Urban Bank customer, attempts to cash a check drawn on the bank. The check isconsidered dishonored if Urban Bank
a.asks Talia to sign a receipt for the payment on the check.b.asks Talia for reasonable identification.c.refuses to pay it.
At 1 a.m., on the sidewalk in front of EZ Credit Corporation, which is closed, Frank buys a $500promissory note for $50 from Greg. When presented with Frank’s demand for payment, Diane, the makerof the note, could successfully claim that Frank
On May 1, Mia signs a check that is payable to the order of Nicole and that is dated July 1. This check is
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Term
Spring
Professor
Lanzar
Tags
Law, Promissory note, Negotiable instrument, Bearer instrument, Fact Pattern, Hearthside Bank

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