Welcome to Discuss Everything Forums...

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed.


Tags for this Thread

+ Reply to Thread
Results 1 to 2 of 2
  1. #1
    young j's Avatar
    Junior Member

    Join Date
    Mar 2010

    This is a Business question?

    Tabler was the payee on a negotiable note for $5,000 executed by Molitor. Tabler indorsed the note to Diaz in payment of $4,900. Diaz gave the note to her niece, Sally, as a birthday gift. When the note came due, the niece sought $5,000 from Molitor. Molitor said that since Sally had not paid value for the note, she was not a holder in due course and Molitor could raise a limited defense he had against Tabler against Sally.

    Can Molitor raise a limited defense against Sally? Why or why not? If not, what if any defense can he raise against Sally?

  2. #2
    a nonny moose
    a nonny moose's Avatar

    Check2 yes




Quick Reply Quick Reply

Click here to log in

What color is our footer?

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 0
    Last Post: 02-03-2011, 04:24 AM
  2. Replies: 0
    Last Post: 12-16-2010, 04:33 AM
  3. Replies: 0
    Last Post: 05-17-2010, 12:21 AM
  4. Replies: 0
    Last Post: 04-19-2009, 07:39 AM
  5. Replies: 0
    Last Post: 03-11-2009, 06:26 PM


Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts