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Fact Pattern 18-2
Jake is the maker of a $2,000 promissory note payable to Kim. Kim indorses the note to Lou who, in turn, indorses it to Mona, who then in¬dorses it to Nat, the present holder.
-Refer to Fact Pattern 18-2.Suppose that Mona pays Nat on the note.With timely notice to the proper parties,Mona may collect payment on the note from
UCC
The Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States to harmonize the law among the states.
Baseball Bats
Sporting equipment made of wood or metal used in the game of baseball to hit the ball.
Harvested Wheat
Wheat that has been collected from fields, typically after growing and maturing over a season, and is ready for processing or sale.
Corporate Stock
Represents ownership shares in a corporation, giving holders a claim on the corporation's earnings and assets.
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