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Answer: in This Case The Forgery Is Not Available As Defense To Any Party To The Instrument

M made a note payable to P, who endorsed it to A. The note was stolen from A by F, who forged A's signature to negotiate it to B. B then endorsed the note to C, who endorsed it to H. According to the answer, none of the parties can use forgery as a defense, as H is a holder in due course.

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20 views1 page

Answer: in This Case The Forgery Is Not Available As Defense To Any Party To The Instrument

M made a note payable to P, who endorsed it to A. The note was stolen from A by F, who forged A's signature to negotiate it to B. B then endorsed the note to C, who endorsed it to H. According to the answer, none of the parties can use forgery as a defense, as H is a holder in due course.

Uploaded by

exquisite
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Case 2

M makes note payable to P or bearer and delivers the note to P. P indorses the
note to A. A keeps the note in his drawer but it is stolen by F who negotiates the same
to B by forgoing A’s signature, B indorses the note to C, C indorses the note to H, a
holder in due course. Who among the following can set up the defense of forgery?

Answer: In this case the forgery is not available as defense to any party to the
instrument.

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