Multiple Choice
At 1a.m., on the sidewalk in front of EZ Credit Corporation, which is closed, Frank buys a $500 promissory note for $50 from Greg. When presented with Frank's demand for payment, Diane, the maker of the note, could successfully claim that Frank
A) acquired the note with notice that it was overdue.
B) did not acquire the instrument in good faith.
C) did not give value for the instrument.
D) none of the choices.
Correct Answer:

Verified
Correct Answer:
Verified
Q39: A person who receives an instrument as
Q40: Berton transfers a draft by signing it
Q41: Len makes a gift of a check
Q42: A holder cannot become an HDC if
Q43: There are some limitations on the shelter
Q45: On the back of a check payable
Q46: For a check, a "reasonable time" is
Q47: It is possible for a person who
Q48: Jill, in good faith and for value,
Q49: A restrictive indorsement does not destroy negotiability.