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In Good Faith,Clinton Gave Jane $500 for a Negotiable Promissory

Question 34

Multiple Choice

In good faith,Clinton gave Jane $500 for a negotiable promissory note made out to Jane for $550.She needed some money before the due date on the note,and Clinton had no notice of outstanding claims or other defects of the note.Clinton


A) has more rights than Jane.
B) has the same rights as Jane.
C) has only conditional rights because they depend on Jane's rights.
D) cannot transfer the note to anyone else.

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