At 1aM, on the Sidewalk in Front of EZ Credit Corporation

question 44

Multiple Choice

At 1a.m., on the sidewalk in front of EZ Credit Corporation, which is closed, Frank buys a $500 promissory note for $50 from Greg. When presented with Frank's demand for payment, Diane, the maker of the note, could successfully claim that Frank​

• 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.

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Definitions:

Chemical Digestion

The process of breaking down food in the gut into smaller components, using enzymes, so they can be absorbed into the body.

Common Hepatic Duct

A duct in the liver that conveys bile from the liver to the cystic duct and then to the gallbladder.

Bile

Bile is a digestive fluid produced by the liver and stored in the gallbladder that aids in the digestion and absorption of fats in the small intestine.

Pepsinogen

The inactive precursor of pepsin, an enzyme that breaks down proteins in the stomach.