Question
Sue sells Donna a used car for $3,000. Donna gives Sue $1,000 cash and a demand promissory note for $2,000 with interest at 6% per
Sue sells Donna a used car for $3,000. Donna gives Sue $1,000 cash and a demand promissory note for $2,000 with interest at 6% per annum. Sue endorses the note over to her credit union which pays Sue $1,700 for the note. Is the credit union a holder in due course? Why or why not?
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Constitutional And Administrative Law
Authors: Alex Carroll
10th Edition
1292286903, 978-1292286907
