Charlene Brown has possession of a check made out to the order of Charlene Brown (herself)which she received in payment for writing a manuscript for her publisher.Charlene is a holder in due course and the publisher cannot claim any "real" defenses to payment.Charlene has an unconditional right to be paid for the check.
Correct Answer:
Verified
Q1: Generally,Rita signs her name using an infinity
Q3: A & D,Inc.wrote a negotiable note payable
Q4: Valley National Bank issued a note promising
Q5: Margo is in possession of a check
Q6: A claim in recoupment can be used
Q7: A possessor of non-negotiable commercial paper has
Q8: Personal and real defenses are valid against
Q9: A draft is always a check,but a
Q10: With non-negotiable commercial paper,a transferee's rights are
Q11: There are three parties on a promissory
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents