Review the case study of locke v aetna acceptance corp

Assignment Help Management Theories

Reference no: EM131472915

Question: Locke gave a promissory note to Consumer Foods, Inc. The note read, in part, "Buyer agrees to pay to Seller." Consumer Foods assigned the note to Aetna Acceptance Corporation. When the note wasn't paid and Aetna brought an action against Locke, Locke's defense was that the note was not negotiable because it was not payable to order or to bearer. As a result, Aetna was not a holder in due course and was subject to personal defenses that Locke had. Is Locke correct? (Locke v. Aetna Acceptance Corp., Fla. 309 So.2d 43)

Reference no: EM131472915

Questions Cloud

Solve the case of barnes v park place homes : Barnes received a promissory note from Park Place in the amount of $34,400, payable on or before January 1, 1973. Three officers of the corporation indorsed.

What will the cash flows for this project be : What will the cash flows for this project be? (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)

What ideas should you consider changing employee morale : What ideas should you consider motivating or changing employee morale that would encourage employees to stay longer in the job?

What are the major players : What are the major players? What is the market share of each competitor?

Review the case study of locke v aetna acceptance corp : Locke gave a promissory note to Consumer Foods, Inc. The note read, in part, "Buyer agrees to pay to Seller." Consumer Foods assigned the note to Aetna.

Teaching net present value-future value : You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value.

Can commercial bank collect from the maker : Middle Georgia Livestock Sales bought cattle at an auction, paying by check. A couple of days later, Middle Georgia discovered that it had purchased stolen.

Remedies under the uniform commercial code : As with sellers and lessors, buyers and lessees also have a number of contract remedies under the Uniform Commercial Code

Calculate the expected outcome : Calculate the expected outcome in 1 year assuming the stock of Whole Foods Market (WFM) attains your 1 year price target.

User Account

All Pages