Solved

DeAnn Is the Payee of a Bearer Instrument-A Promissory Note

Question 1

Multiple Choice

DeAnn is the payee of a bearer instrument-a promissory note in the amount of $10,000.LeBurt offers to irrigate DeAnn's ranch next week in ex-change for the note.DeAnn agrees and delivers the note to LeBurt.LeBurt is 


A)  ​an HDC, because he promised to perform services at a future date. 
B)  ​an HDC, because the transferor was the original payee on the note. 
C)  ​not an HDC, because he did not acquire the instrument in good faith. 
D)  ​not an HDC, because he did not yet give value for the instrument.

Correct Answer:

verifed

Verified

Related Questions