Jess transfers the note for value to pam

Assignment Help Accounting Basics

Reference no: EM131013040

Gil makes out a $900 negotiable promissory note payable to Ben. By special indorsement, Ben transfers the note for value to Jess. By blank indorsement, Jess transfers the note for value to Pam. By special indorsement, Pam transfers the note for value to Adrien. In need of cash, Adrien transfers the instrument for value by blank indorsement back to Jess. When told that Ben has left the country, Jess strikes out Ben's indorsement. Later, she learns that Ben is a wealthy restaurant owner in Baltimore and that Gil is financially unable to pay the note. Jess contends that as a holder in due course, she can hold Ben, Pam, or Adrien liable on the note. Discuss fully Jess's contentions.

Reference no: EM131013040

Questions Cloud

Find all of the critical numbers of the given function : Explain why the approximation (1.01)6 ≈ 1.06 is reasonable. Find all of the critical numbers of the function f(x) = |sin(πx/2)|

Show how the basic eps you calculated should be reported : Calculate diluted earnings per share for 2013 and the incremental EPS of the preferred stock and convertible bonds. If required, round your answers to the nearest cent.

In your own words define standard deviation : The standard deviation is one of the most important concepts in the area of statistics. In your own words, define standard deviation. Give an example of how you have used the concept of standard deviation in your life

Show that the area under the curve is infinite : Show that the area under the curve is infinite. Show that the volume of the solid of revolution enclosed by the curve is finite, and compute it. [This solid of revolution is known as Gabriel's Horn.]

Jess transfers the note for value to pam : Gil makes out a $900 negotiable promissory note payable to Ben. By special indorsement, Ben transfers the note for value to Jess. By blank indorsement, Jess transfers the note for value to Pam.

Which one of the following prolog programs : Which one of the following prolog programs correctly implement "if G succeeds then execute goal P else execute goal q ?"(A) if-else (G, P, q) :- !, call(G), call(P).if-else (G, P, q) :- call(q).

The area of a right-angled triangle is computed : The area of a right-angled triangle is computed by multiplying the length of side a by the length of side b and then multiplying the result by 0.5. Define a function that accepts two arguments of an appropriate data type for the length of side a and ..

Determine the speed of the collar after the applied force : The collar has a mass of 30 kg and is supported on the rod having a coefficient of kinetic friction mu k = 0.4. The attached spring has an unstretched length of 0.2 m and a stiffness k = 50 N/m. Determine the speed of the collar after the applied ..

Write expression to represent total number of graphic novels : Alexis, Brian, and Carli collect graphic novels. Brian has 5 more graphic novels than Alexis and Carli has twice as many as Alexis. Define a variable and write an expression to represent the total number of graphic novels for the three people

User Account

All Pages