Multiple Choice
At 1 A.m., on the sidewalk in front of Ace Credit Corporation, which is closed, Ben buys a $500 promissory note for $50 from Curt. When pre?sented with Ben's demand for payment, Diane, the maker of the note, could successfully claim that Ben
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
Q15: A holder takes an instrument for value
Q16: The shelter principle extends the benefits of
Q17: A transfer by assignment can make it
Q18: Fact Pattern 26-1B (Questions B8-B10 apply)<br>Destiny obtains
Q20: Baxter obtains a check payable to his
Q21: Bowie is a holder of a promissory
Q22: Giuseppe writes a check "payable to bearer"
Q23: A person who takes a negotiable instrument
Q50: An indorsement is a signature, with or
Q52: A holder takes an instrument for value