LSB

Card Set Information

Author:
Anonymous
ID:
45586
Filename:
LSB
Updated:
2010-10-27 22:15:48
Tags:
lsb
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Description:
Test 2
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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,

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