Loren signs a note that states, "Payable in thirty days.". The note is dated March 2. Micah buys the note on April 3. Is Micah an HDC of the note? Explain
No. Generally, the time that a due date on an instrument be¬gins to run is the day after the date of an instru¬ment, which would mean that this note is due April 1. That means the note is overdue. One of the requirements for becoming an HDC is that a party must take an in¬stru¬ment without notice that it is overdue. (Nonpayment by a due date indi¬cates to any purchaser that the maker or drawer has a defense against payment.)
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A disabled person must have an obvious physical impairment or deformity to be considered disabled under the Americans with Disabilities Act.
Answer the following statement true (T) or false (F)
An association of banks and other payors whose members settle accounts with each other on a daily basis is a:
a. payor banking group. b. clearinghouse. c. provisional reserve. d. None of these.
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a. the seller manages to over charge the customer without them realising it b. the buyer gets away without paying c. the seller persuades the customer that the product is better than it really is d. it’s a fair exchange that makes both seller and buyer happy e. it’s the most profitable exchange for the seller
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Answer the following statement true (T) or false (F)