A buyer on consumer credit has no defence against a finance company that sues him as holder of his promissory note.
Correct Answer:
Verified
Q31: A person who negotiates an instrument in
Q32: Liability of the drawee on a bill
Q33: Many retail businesses have taken steps to
Q34: The two classes of negotiable instruments are
A)promissory
Q35: Tina gave Zach a cheque for $1000
Q37: Which of the following is NOT a
Q38: Where a bill of exchange is payable
Q39: A holder in due course who suffers
Q40: Delivery of a bill may be actual
Q41: Negotiability is the special quality possessed by
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