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In Good Faith,Clint Gave Nora $600 for a Negotiable Promissory

Question 1

Multiple Choice

In good faith,Clint gave Nora $600 for a negotiable promissory note made out to Nora for $650.She needed some money before the due date on the note,and Clint had no notice of outstanding claims or other defects of the note.Clint:


A) has more rights in the instrument than Nora.
B) has the same rights in the instrument as Nora.
C) has only conditional rights.
D) cannot transfer the note to anyone else.

Correct Answer:

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