
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
Edition 9ISBN: 978-1133586562 Exercise 15
Sagamore borrowed $200 from Copp, to whom she gave a promissory note due and payable on January 15. One week before the note was due, Sagamore met Copp at a local bank and paid him the $200. Copp promised to mail the note to Sagamore the next day. Instead, Copp made a gift of the note to his nephew. Could the nephew collect the amount of the note from Sagamore?
Explanation
Holder in Due Course (HDC):
Under the U...
Cengage Advantage Books: Business Law 9th Edition by Arnold Goldman ,William Sigismond
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