Betty's BBQ orally contracts with Denny's Design House for 10,000 matchbooks at the price of 10 cents per matchbook. The matchbooks are to be embossed with a logo to be designed by Denny's Design promoting Betty's BBQ. Price, payment terms, and delivery t
Kent wrote the following check.
2345 Long Lake Road
St. Paul, MN 53211
Date April 1, 2000
Pay to the Order of Chester Jones $ 500.00
Five Hundred Dollars- Dollars
Great State Bank
s Kent Weston
Chester Jones endorse
Generally, Rita signs her name using the following symbol, _. Rita signed an instrument using this
symbol. Which statement is correct?
The instrument can be negotiable. Rita intended to indicate her signature.
Sophie issues a promissory note made "payable to the order of Molly." Molly indorses the note by
signing her name and gives it to Dana. Which of the following is correct?
Sophie issued an order instrument, but Molly changed it to bearer fo
F rankie has a checking account at Corner Bank. She wants t ickets to the Lollapalooza
concert. She wri tes a check to Ticketmaster for the cost of two t ickets. In this scenario:
F rankie is the drawer, Corner Bank is the drawee, and Tick
Sonny has a negotiable instrument which he gives to Cheryl as a birthday present.
Sonny is a holder in due course on the instrument. As it tu rns out, Cheryl can only
collect on the instrument if she has holder in due course status. If Cheryl sues to coll