At 1 AM, on the Sidewalk in Front of Ace Credit Corporation

question 31

Multiple Choice

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

• 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.