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  3. 1. a check drawn by cullen for $500 is made payabl

1. A check drawn by Cullen for $500 is made payable to the order of Jordan...

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General Management

1. A check drawn by Cullen for $500 is made payable to the orderof Jordan and issued to Jordan for goods Jordan sold to Cullen.Jordan owes his landlord $500 in rent and transfers the check tohis landlord with a special indorsement to the landlord. Determinewhether the landlord is a holder in due course. Be sure to give thelegal justification for your response.

1B. Determine whether the landlord in question #2 will beentitled to payment from Cullen if the following are true:

a. Cullen has been adjudged insane and only his guardian shouldbe making contracts for him.

b. Cullen is a minor and is trying to disaffirm thecontract.

Answer & Explanation Solved by verified expert
3.7 Ratings (564 Votes)
Landlord is a holder in due course The requirements for holder in due course are that the holder received the instrument for value in good faith and without notice that it is defective Here the landlord has    See Answer
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