Anthony purchased a $3800 promissory note from Sheila for the discounted amount of $3400.Anthony paid value in good faith and had no notice of any outstanding claims against this note that read,"Pay to the order of Sheila on March 2,2011,for the purchase of a 2005 Ford Taurus provided no major problems with the car arise prior to said payment date." Anthony is a holder in due course of a negotiable note.

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The Answer of Anthony purchased a $3800 promissory note from Sheila for the discounted amount of $3400.Anthony paid value in good faith and had no notice of any outstanding claims against this note that read,"Pay to the order of Sheila on March 2,2011,for the purchase of a 2005 Ford Taurus provided no major problems with the car arise prior to said payment date." Anthony is a holder in due course of a negotiable note.

Anthony Purchased a $3800 Promissory Note from Sheila for the Discounted