At 1 AM, in Front of EZ Credit Corporation, Which Is Closed

question 59

Multiple Choice

At 1 A.M., in front of EZ Credit Corporation, which is closed, Frey buys a $500 promissory note for $50 from Greco. When presented with Frey's demand for payment, Diaz, the maker of the note, could successfully claim that Frey

• A)acquired the note with notice that it was overdue.
• B)did not acquire the instrument in good faith.
• C)did not give value for the instrument.
• D)none of the choices.