Leda Deceives Merchant Company into Signing a Note by Telling

question 45

Multiple Choice

Leda deceives Merchant Company into signing a note by telling the firm's staff accountant Nano that it is not a note but a receipt for a delivery of goods. In light of Nano's experience and other circumstances, a reasonable review of the instrument would have revealed its nature. Merchant is most likely liable on the note to

• A)no one.
• B)ordinary holders only.
• C)ordinary holders, HDCs, and holders through HDCs.
• D)HDCs only.

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Definitions:

Ethnographic Study

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