Go to Case Analysis Case 27.2, Mills v. Chauvin, on pages 524 and 525. Read the excerpt
Question:
(a) Issue: What document was at the center of the dispute in this case?
(b) Rule of Law: What are the elements of consideration? What are the requirements for attaining the status of a holder in due course (HDC)?
(c) Applying the Rule of Law: Did the document at the center of the dispute in this case satisfy the elements of consideration? Did the party in possession of the document take it as an HDC? Explain.
(d) Conclusion: Who did the court determine was liable? Why?
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a Issue What document was at the center of the dispute in this case The document at the center of the dispute in this case was a note Over time Gregory Mills paid 395750 to Robert Chauvin Chauvin clai...View the full answer
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Related Book For 
Business Law Text and Cases
ISBN: 978-1285185248
13th edition
Authors: Kenneth Clarkson, Roger LeRoy Miller, Frank Cross
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