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  2. Topic
    Business
  3. Study Set
    Business Law with UCC Applications
  4. Exam
    Exam 17: Holders in Due Course,defenses,and Liabilities
  5. Question
    Tammy Purchases a Promissory Note That Has Numbers Scratched Out
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Tammy Purchases a Promissory Note That Has Numbers Scratched Out

Question 3

Question 3

Essay

Tammy purchases a promissory note that has numbers scratched out and rewritten.What legal problem will Tammy encounter in claiming to be a holder in due course of the note?

Correct Answer:

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