Business law

User Generated

Nool23

Business Finance

Allegany College of Maryland

Description

Please answer the question in the pics with short full answer not necessary to be long Thanks

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T Shift Pg Dn End HASA 3. Alice just had a properly made out 1208 check endorsed to her from Susan. The 1992 check had been made out to Susan who endorsed it "Susan, without recourse" HDAS) Should Alice accept the check? Why or why not_u. Endela eruhengiz..00.0022 uolos oldova ani oldsitosi bilsvs in 21 Sno25 50-OV 29 . 4. Andy sent you a check in payment for a book in the amount of $75.00. The check was dated 10/18/19, signed by Andy and stated "if I like the book” Is this a valid 10 negotiable instrument? Why or why did not_Yes, Because it follows the like condition Clieter llit gniys the Rules of thegations Vidinom 5. The person who receives a proper check from a maker is a Holder in due course jon on suc od tugabomniegd bed oorlo (EACH QUESTION WORTH 1 POINT) ezrobno vrlw to VoW soberbedt 1935 35 A bluona 1. June writes a check to John: Payable to John, $500.00, signed June. IS this a valid Negotiable instrument? Yes/No - Reason? 6 Tot inomysg nilaro suo inige bad 2. • JKJ Ford sells a new car to Bill for ood $25,000. Bill signs a promissory note, 25W properly constructed, which is endorsed Citibank, who bought the note. Bill's car not working and he does not pay his to monthly payment saying I am not paying the car is fixed. Does Bill have to pay Cit Why? Or Why Not? 5 2 1916m smo 101 cho VI TRUE AND FALSE 1. To limit your liability for a check to a holder in due course you can write on the endorsement "without recourse” True False 2. To be negotiable all instruments must have a date certain True False 3. An unconditional promise to pay will not affect a negotiable instrument S True True_ Bill sig (Falsessory Do 4. Endorsing an instrument with “deposit only” will not limit it being 15 given to a third party no True) ent_False__ Every endorser of a valid negotiable 5. instrument will be liable for payment True False pay his ot paving
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Explanation & Answer

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3. Alice should not accept the property without the recourse. The fact is that she is the buyer and
that means all the liability will go to her side.
4. No this is not a valid negotiation tool. The fact is that Andy could only enter in such an
agreement with the seller. The fact that there is no mention of plea negotiation means that this is
not val...


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