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Explain the following statement/s not less than 5 sentences. PN is the holder of a negotiable promissory note. The note was originally issued by RP
Explain the following statement/s not less than 5 sentences. PN is the holder of a negotiable promissory note. The note was originally issued by RP to XL as payee. XL indorsed the note to PN for goods bought by XL. The note mentions the place of payment on the specified maturity date as the office of the corporate secretary of PX Bank during banking hourse. On maturity date, RP was at the afors office ready to pay the note but PN did not show up. What PN later did was to sue XL for the face value of the note, plus interest and costs. Will the suit prosper? Explain
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