Question
1. Albert Gardener mows Homeowner's lawn twice a month. Homeowner writes Gardener a check for his services at the outset of every month. On the
1. Albert Gardener mows Homeowner's lawn twice a month. Homeowner writes Gardener a check for his services at the outset of every month. On the morning that Gardener is to be paid, Homeowner writes a check for $80 payable to the order of Gardener and places it on his kitchen counter. Upon Gardener's arrival, Homeowner tells Gardener that he intends to give him the check when Gardener finishes mowing the lawn. Has the check been issued?
2. For each of the following circumstances, briefly explain whether the instrument has been negotiated?
- Hannah has a check that was signed and given to her by Adam S. that says Pay to the order of Cash, $500.
- Same as a, but Hannah subsequently gives the check to her friend Marnie M. to pay for tickets to the theater that Marnie M. had bought for her.
- Hannah has a note signed and given to her by Shoshanna S. that says, I promise to pay bearer $1,000. The note is stolen from Hannahs desk by a stalker.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started