True/False
A promise to give value in the future is NOT sufficient to confer the rights of an HDC on one in possession of a negotiable instrument.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: Rubin writes a check drawn on his
Q11: When an instrument has a forged indorsement,the
Q21: GR8 Products, Inc., warrants its goods to
Q23: The drawee who signs a draft or
Q24: An instrument is not defective simply because
Q27: A drawer's discharge in bankruptcy will defeat
Q27: A maker is primarily liable on an
Q29: The concept of value in the law
Q29: A drawer's liability does not arise until
Q38: A holder takes an instrument for value