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Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562 Exercise 9
Sampson's name appeared as a maker of a $500 note. On the due date, Robbins, an HIDC, presented the note to Sampson for payment. Sampson proved the signature to be a forgery and refused to pay. Can Robbins legally collect from Sampson?
Explanation
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Shelter Rule:
Under the UCC § 3-203(b) ...
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
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