Multiple Choice
Stebbins transferred a promissory note to Hall when the note was past due. Hall knew that the note was past due. This transfer
A) did not make Hall a holder in due course.
B) relieved the maker from liability.
C) limited the maker's liability.
D) gave Hall better title than Stebbins held.
Correct Answer:

Verified
Correct Answer:
Verified
Q40: A(n) _ is a legal reason offered
Q41: Secondary parties are obligated to pay the
Q42: To qualify as a holder in due
Q43: How does the Shelter Provision relate to
Q44: _ is a demand for payment or
Q45: _ parties are conditionally liable for payment
Q46: A holder who acts honestly and does
Q47: Indorsers are generally liable in the order
Q48: With fraud in the inducement, the maker
Q50: Indorsers of negotiable instruments are primarily liable