Solved

"Joe Received a Cheque from Sam for Work He Had

Question 78

Essay

"Joe received a cheque from Sam for work he had done painting Sam's house, and Joe passed that cheque onto Harry. Harry took it, not knowing that the work done was defective. Because of the principle that an assignee of contractual rights is in no better position than an assignor, Harry would not be able to demand payment on that cheque from Sam." Discuss the accuracy of this statement.

Correct Answer:

verifed

Verified

It is incorrect. Negotiable instruments ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions