Multiple Choice
Will is the payee of a promissory note for $500.James offers to mow Will's lawn five times in exchange for the note.Will agrees.After fifth time James mows Will's lawn,James is
A) an HDC.
B) not an HDC,because he has not fully performed his promise.
C) not an HDC,because he did not take the note in good faith.
D) not an HDC,because he did not check if the note was overdue.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Kris transfers a note, on which Liu
Q2: Wilson buys a promissory note from Oli.The
Q7: One of the transfer warranties is that
Q13: Entrepreneur Auto Rentals owes Sole Saver Auto
Q14: Beth, an accountant for Credits & Debits,
Q20: A fictitious payee is a payee on
Q21: When an instrument is dishonored,only written notice
Q49: Elinor performs ten hours of house cleaning
Q54: Paula wants to transfer a check to
Q58: A person who acquires an instrument knowing