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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 408 Weeks Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Signature Liability. Marion makes a promissory note payable to the order of Perry. Perry indorses the note by writing “without recourse, Perry” and transfers the note for value to Steven. Steven, in need of cash, negotiates the note to Harriet by indorsing it with the words “Pay to Harriet, [signed] Steven.” On the due date, Harriet presents the note to Marion for payment, only to learn that Marion has filed for bankruptcy and will have all debts (including the note) discharged in bankruptcy. Discuss fully whether Harriet can hold Marion, Perry, or Steven liable on the note.
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