Mabel Issues a Negotiable Promissory Note to the Order of Rachel

question 43

Multiple Choice

Mabel issues a negotiable promissory note to the order of Rachel. Rachel endorses the note to Batton, who takes it as a holder in due course. Batton gives the note to his brother, Albert, as a gift. In this situation:

• A) Albert will acquire Batton's rights.
• B) Albert is a holder in due course.
• C) Batton can sue only on the instrument if he took it before maturity.
• D) none of the above.

---

Definitions:

Vaporization

The phase transition of a substance from a liquid to a gas, occurring through the processes of evaporation or boiling.

Calorie

The amount of heat energy required to raise the temperature of 1 g of water 1°C; equivalent to 4.184 joules. Compare with Kilocalorie.

pH Value

A numeric scale used to specify the acidity or basicity of an aqueous solution, with values ranging from 0 (most acidic) to 14 (most basic), and 7 being neutral.

Beer

A fermented beverage made from barley, hops, water, and yeast, commonly consumed worldwide.