44.John inherits a $10,000 promissory note payable to his late father. a.John is a holder...
90.2K
Verified Solution
Link Copied!
Question
Accounting
44.John inherits a $10,000 promissory note payable to his late father. a.John is a holder in due course. b.John is not a holder in due course. c.John can make himself a holder in due course by indorsing the promissory note, HDC. d.cannot negotiate the promissory note without first obtaining an order from the probate court.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
