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Suppose That Ansley Gives a Check to Brian as a Birthday

Question 46

Essay

Suppose that Ansley gives a check to Brian as a birthday gift. Brian negotiates the check to Christy in exchange for Christy's promise to buy Brian's car next week. What is the status of the parties in this transaction? Do Brian and/or Christy qualify to be HDCs?

Correct Answer:

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Ansley is the drawer since he issued the...

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