LSB

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  1. Real defenses
    M/D is a minor, bankruptcy, issuer declared judicially inconfident, instrument is void due to illegality, extreme duress, fraud in execution, unauthorized signature, material alteration
  2. Negotiable instrument criteria
    be in writing, be signed by M/D, be an unconditional promise/order to pay, payable in a fixed amount of money, payable on demand or at a fixed time, payable to order or bearer
  3. HDC criteria
    Take in good faith, take for value, take without notice, in possession of a negotiable instrument, take through negotiation
  4. Transfer warranties
    entitled to enforce the instrument, all signatures are authentic and authorized, no material alterations, warranty against offense, warranty against insolvency proceedings,
Author
ID
45586
Card Set
LSB
Description
Test 2
Updated
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