A possessor of non-negotiable paper has the same rights as the person who made the original contract.
Correct Answer:
Verified
Q2: Charlene Brown has possession of a check
Q3: A & D,Inc.wrote a negotiable note payable
Q4: Valley National Bank issued a note promising
Q6: A claim in recoupment can be used
Q8: Personal and real defenses are valid against
Q11: Francenie has a checking account at Corner
Q15: Commercial paper is a contract to pay
Q17: To be negotiated,bearer paper must simply be
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Q21: Laurel Speckle received a check from State
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