A Prepares and Signs a Promissory Note,but Leaves the Amount

question 29

Multiple Choice

A prepares and signs a promissory note,but leaves the amount blank.The note is subsequently stolen by B,who fills in the amount and negotiates it to C.C now looks for payment from A,who refuses.If C sues A

• A)A will successfully defend the lawsuit on the basis of lack of delivery of an incomplete instrument.
• B)A will be liable to C because C is now the payee of the note.
• C)A will successfully defend the lawsuit on the basis of lack of capacity.
• D)A will successfully defend C's lawsuit on the basis that B committed a fraud.
• E)A will be liable to C because C is a holder in due course.

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Definitions:

Dorsiflexion

The action of raising the foot upwards towards the shin, decreasing the angle between the dorsal (top) side of the foot and the leg.

Internal Rotation

A movement in which a limb or part of the body is rotated toward the centerline of the body.

Hot-Water Bottle

A container filled with hot water and sealed with a stopper, used to provide warmth.

Plantar Flexion

Pointing the toes downward.