
Cengage Advantage Books: Law for Business 18th Edition by John Ashcroft ,Janet Ashcroft
Edition 18ISBN: 978-1133587613
Cengage Advantage Books: Law for Business 18th Edition by John Ashcroft ,Janet Ashcroft
Edition 18ISBN: 978-1133587613 Exercise 13
Gary and Clara Delffs signed a note to 3oe Waldron that read "_______ after date ________ promise to pay to the order of." After the word "of" was a long blank tine on which was handwritten, "one hundred and fifty-three thousand and four hundred and forty dollars" Following this was printed, "Dollars." The parties agreed the document was not order paper. A lawsuit ensued, and the court had to decide whether the note was bearer paper. Decide the case.
Explanation
The note was not a bearer paper as the i...
Cengage Advantage Books: Law for Business 18th Edition by John Ashcroft ,Janet Ashcroft
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