
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Edition 11ISBN: 978-1133587576
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Edition 11ISBN: 978-1133587576 Exercise 9
R A Concrete Contractors, Inc., executed a promissory note that identifies both R A Concrete and Grover Roberts as its makers. On the reverse side of the note, the following appears: ''X John Ament Sec. Treas.'' National Bank of Georgia, the payee, now sues both R A Concrete and Ament on the note. What rights does National Bank have against R A and Ament?
Explanation
Case summary:
A concrete contractor cre...
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
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