Question
Directions: Read the statements and answer the questions in the space provided. 1. Hall is the holder of a note indorsed by Stuhler. The note
Directions: Read the statements and answer the questions in the space provided.
1. Hall is the holder of a note indorsed by Stuhler. The note was made by Andrews payable "to the order of Eric Stuhler and Robert King." Was the note properly negotiated to Hall?
YES NO RULE OF LAW:
2. Wilbert issued a negotiable promissory note to the order of Jenks. Jenks changed the face amount of the note from $500 to $5,000. Before maturity, Jenks indorses the note in blank and delivered it to Winters for value. Winters did not know if, nor could not tell that, the amount had been changed. The note was subsequently dishonored. Does Winters have any rights against Wilbert on the note?
YES NO RULE OF LAW:
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