Ella induces Tammy, by fraud in the inducement, to make an instrument payable to the order of Ella. She subsequently negotiates the instrument to Adam, a holder in due course. If Ella later reacquires the instrument from Adam, Ella will succeed to Adam's rights as a holder in due course under the shelter rule
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following facts would preclude a lessor from classifying a lease as a sales-type or direct financing lease?
A) The undiscounted sum of the minimum lease payments is 90% of the fair value of the leased property to the lessor. B) The collectability of the minimum lease payments is reasonably assured. C) The lease term is 90% of the estimated economic life of the leased property. D) No important uncertainties exist about non-reimbursable costs yet to be incurred by the lessor.
For most companies, which of the following is the least critical application for disaster recovery purposes?
a. month-end adjustments b. accounts receivable c. accounts payable d. order entry/billing
Multiple topics are covered in ad hoc meetings
Indicate whether the statement is true or false
If you refer to organizational members as “associates” or “cast members”, for example, these are instances of which element of organizational culture?
a. Language, metaphor, and jargon b. Communication c. Artifacts d. Stories, myths, and legends