On september 2 2006 levine executed a mortgage bond under, Ask an Expert

Management Studies

On September 2, 2006, Levine executed a mortgage bond under which she promised to pay the Mykoffs a preexisting obligation of $54,000.

On October 14, 2009, the Mykoffs transferred the mortgage to Bankers Trust Co., indorsing the instrument with the words ‘‘Pay to the Order of Bankers Trust Company Without Recourse.''

The Lincoln First Bank, N.A., brought this action asserting that the Mykoffs' mortgage is a nonnegotiable instrument because it is not payable to order or bearer; thus it is subject to Lincoln's defense that the mortgage was not supported by consideration because an antecedent debt is not consideration. Is the instrument payable to order or bearer? Discuss.

View complete question

Business Management, Management Studies

Category:- Business Management
Reference No.:- M92196621

Have any Question?Write your Review or question?

Related Questions in Business Management

Topic 1 service qualityrecall the last time you had an

Topic 1: Service Quality Recall the last time you had an unsatisfactory encounter with a service provider. Given the dimensions of service quality, exactly where were the negative gaps between expectations and the actual ...

Summary SUMMARY

SUMMARY 1 Regression Statistics Multiple R ...

Provide1 an analysis of the expected performance

Provide 1. An analysis of the expected performance proficiency for each of the five ACHE leadership and administrative domains 2. An analysis of performance proficiency based upon a review of the course work that is done ...

A producer of chairs is considering the addition of a new

A producer of chairs is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $9000 per month and a variable costs of 60 c ...

Assume xyz company produces table and chairs with the

Assume XYZ Company produces table and chairs with the following total cost function, TC=10,000+10Q+0.2Q2, where Q=quantity of chairs produced. If XYZ Companycan sell as many chairs it wishes at the current market price o ...

Writeexecute a sql statement that lists all twenty employee

Write/execute a SQL statement that lists all twenty employee Ids, salaries, department ID in which they work, and their department's name. If an employee is not currently assigned to a department, he/she must still be on ...

I have to provide the following information based on the

I have to provide the following information based on the company 'Jet Blue'. I have retrieved the financial ratios from Nasdaq (2018) and a very short explanation of the reports. Am I even going in the right direction? Q ...

Describe what is project management and give example of

Describe what is project management and give example of elements of project management, which were helpful during the completion of project.

What are examples of structures that provide governancewhat

What are examples of structures that provide "governance"? What are examples of positions that provide "management"? How familiar are you with your organization's governance and management?

What are some topics that must be covered in a business

What are some topics that must be covered in a business case presented to management?

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

Recent Questions

Ask Business Management Expert