Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
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Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 4 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 01 Nov 2017 My Price 5.00

negotiable promissory note

On December 2, 2010, Miles executed and delivered to Proctor a negotiable promissory note for $10,000, payable to Proctor or order, due March 2, 2011, with interest at 6 percent from maturity, in partial payment of a printing press. On January 3, 2011, Proctor, in need of ready cash, indorsed and sold the note to Hughes for $8,000. Hughes paid $6,000 in cash to Proctor on January 3 and agreed to pay the balance of $2,000 one week later, namely, on January 10. On January 6, Hughes learned that Miles claimed a breach of warranty by Proctor and, for this reason, intended to refuse to pay the note when it matured. On January 10, Hughes paid Proctor $2,000, in conformity with their agreement of January 3. Following Miles’s refusal to pay the note on March 2, 2011, Hughes sues Miles for $10,000. Is Hughes a holder in due course? If so, for what amount?

 

 

Answers

(5)
Status NEW Posted 01 Nov 2017 06:11 PM My Price 5.00

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