Diego Is the Payee of a Bearer Instrument-A Promissory Note

question 26

Multiple Choice

Diego is the payee of a bearer instrument-a promissory note in the amount of $1,000. Emil offers to harvest Diego's field of alfalfa in October in ex?change for the note. Diego agrees and delivers the note to Emil. Emil is not an HDC of the note because he

• A) was not the original payee on the note.
• B) did not take the note without notice.
• C) did not acquire the note in good faith.
• D) did not give value for the note.

---

Definitions:

Systematic View

An approach that involves a structured, methodical analysis of a problem, situation, or system.

Events

Occurrences or happenings, often of significance, that are scheduled or observed.

Situations

Sets of conditions or circumstances at a certain time and place.

Interactions

The processes or actions taken wherein two or more entities or variables affect or influence each other.