The Uniform Commercial Code: Negotiable Instruments and SecuredTransactions
Marvin Mower (MM) is a college student trying to earn a fewextra bucks. Marvin mows yards on the side, and he cuts the lawnfor Ursula Unhappy (UU). UU writes MM a document for his work. Thedocument acknowledges MM performed work, and that UU owed MM $50.MM doesn’t have time to get to the bank, so MM gives the documentto Tommy Thirdparty (TT), who pays him $40 for it. Predictably,before TT can try to recover $50, UU is unhappy with MM’s work, andrefuses to pay TT. Keeping your “eye on the ball” (limiting yourpost to this week’s material), discuss all the possible rights andresponsibilities these three have to each other concerning thecheck and the yard.
