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:

Developmental Change

A process of growth and improvement over time in an individual, organization, or system.

Communications

The process of transmitting information, ideas, and feelings through various means, including verbal, non-verbal, written, and digital channels.

Reorganization

The process of restructuring the operations, policies, or structure of an organization to improve efficiency or adapt to new conditions.

Competitive Strategy

A long-term plan of action designed to achieve a competitive advantage over rivals in the industry.