LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Essential Characteristics Of Negotiable Instruments. A. Requ


  Download  


Description:
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

Submitted By:
  on 05 September 2010
Scorecard : 26940 My Other Files

Downloaded:
188 times

File size:
30 KB

Rating:

Download Other files in Civil Law category