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Essential Characteristics Of Negotiable Instruments. A. Requ


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James Schouler delivered his own promissory note to Clarence Pound for $75. The entire note, except the amount payable, was written in ink. The sum payable - seventy-five dollars - was written in pencil. After Pound received the note, he erased the figures showing the sum payable and wrote into the blank space the figures "one hundred seventy-five dollars"; he then negotiated the check to John Winslow who paid him $160 in good faith. When the note became due, Wins-low demanded payment of $175. Schouler refused to pay anything and suit was brought for $175. Can Winslow recover? #doc

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  on 05 September 2010
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