Essay
Donna is the holder of a note that has been indorsed so many times that there is no space left on the back of the note for indorsements.Donna wants to transfer the note for $200 to Acme Finance,but wants to indorse on the face of the note "without recourse,Donna ".Acme wants to staple a sheet of blank paper to the note and have Donna simply sign "Donna" there.Discuss whether Donna or Acme is correct concerning the location of Donna's signature and if Donna is legally entitled to indorse "without recourse."
Correct Answer:

Verified
Indorsements may either be made on an al...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q7: Ownership of a check is transferred by
Q8: Elke intends to sign a contract with
Q9: A draft (or bill of exchange)is a
Q10: Discuss if the following instrument is negotiable:<br>"Ninety
Q11: A negotiable instrument is an agreement by
Q13: A check that a drawee bank guarantees
Q14: Sam gives a check to Tina who
Q15: An envelope containing a $10 rebate check
Q16: Through what kind of written instrument would
Q17: The first set of numbers on a