FINAL EXAMINATION
Answer: the check may not be encashed but only deposited in bank; the check
may be negotiable only once- to one who has an account with the back, there
could be a lot of effect to the person holding a crosscheck, the person might not
be able to encash the check at the right time it is needed which may lead to a
different problems
2) Who is a holder in due course according to Section 52 of the NIL?
What are the requisites of such? (4 pts)
3) As to said check mentioned in the problem, who is the drawer?
Who is/are the indorser/indorsers? Who is the drawee? (4 pts)
30 AUGUST 2014
Manila
NEGOTIABLE INSTRUMENTS LAW
FINAL EXAMINATION
2) Gerlie argues that the bank is liable because they should have
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30 AUGUST 2014