Question
2. Al purchased a car from Honest Bobs Cars for $700. Al paid $200 in cash and signed an installment contract for $500, which in
2. Al purchased a car from Honest Bobs Cars for $700. Al paid $200 in cash and signed an installment contract for $500, which in its entirety stated: January 15, 2018 I promise to pay to the order of Honest Bobs Cars the sum of $500 in ten equal installments. (signed) Al Honest Bobs negotiated the instrument to Tom, who took it for value and in good faith. After Al had paid two installments, the refrigerator ceased operating and Al wishes to recover his down payment and first two monthly payments and to discontinue further payments. What result?
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