Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

On January 2, 2010, seventeen year-old Martin paid $2,000 for a used motorboat to use in his fishing business, after Dealer's fraudulent misrepresentation of the condition of the boat. Martin signed an installment contract for $1,500, and gave Dealer the following instrument as down payment: Dated:________2010 I promise to pay to the order of Dealer, six months after date, the sum of $500 without interest.

This is given as a down payment on an installment contract for a motorboat. (signed) Martin Dealer, on July 1, sold his business to Henry and included this note in the transaction. Dealer indorsed the note in blank and handed it to Henry, who left the note in his office safe.

On July 10, Sharpie, an employee of Henry, without authority, stole the note and sold it to Bert for $300, indorsing the note ‘‘Sharpie.''

At the time, in Bert's presence, Sharpie filled in the date on the note as February 2, 2010. Bert demanded payment from Martin, who refused to pay. What are Bert's rights against Martin?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92196697

Have any Question?


Related Questions in Business Management

How to navigate through the various leadership styles

How to navigate through the various leadership styles within an organization and adjust to the differences in leadership?

Using the hershey blanchard model which leadership style do

Using the Hershey Blanchard Model, which leadership style do you feel would be most appropriate for this scenario? Justify your response. Which level of employee readiness is this employee at? • You have recently been ma ...

Suppose you own a bicycle but havent found the time to ride

Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $42 to you. One of your close friends, who recently got a job at the college bookstore two miles down the road, wa ...

Need help on assignment for busi 460 ubc course which focus

Need help on assignment for busi 460 ubc course which focus on critical analysis and real estate forecasting.

Digital books llc is a company that sells e-books related

Digital Books, LLC is a company that sells e-books related to career advising and professional development. Digital Books, LLC earns a yearly positive economic profit of $25,000 if it can sell 10,000 e-books. Each time, ...

Explain the formation of friendship groups such as those

Explain the formation of friendship groups, such as those seen in dorms among first year college students, in terms of these principles: proximity, elaboration, similarity, complementarity, and reciprocity.

How the impactvaluebenefit of the opportunity for

How the impact/value/benefit of the opportunity for innovation will be evaluated post implementation?

Identify and explain the modes of political influences in

Identify and explain the modes of political influences in the U.S. space shuttle Challenger case study. Describe the impact of interorganizational politics between NASA and Thiokol. Describe the impact to the ecosystem t ...

Information systemsdirections answer the following if you

Information Systems Directions : Answer the following: If you were asked to develop a logical model of the registration system at a school, would it be better to use a top-down or bottom-up approach? Explain your reasoni ...

How can five elements of the auburn creed affect the

How can five elements of the auburn creed affect the application of the rational decision-making model?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As