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Sammy is in ossession of a bearer promissory note in the amount of 500.

Description

solution


Question

Sammy is in ossession of a bearer promissory note in the amount of 500. Ralph offers to trim the hedges on Sammy's property next week in exchange for the note. Sammy agrees and delivers the not to ralph. Ralp;A. Cannot be a holder in due course because the note is a bearer instrument;B. Cannot be a holder in due course becuase ralph did not acquire the instrument in good faith;C. Cannot be a holder in due course becuase Ralph did not yet give value for instament;D. Can be holder in due course.

 

Paper#33356 | Written in 18-Jul-2015

Price : $29
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