John johnson who works for a well-known parcel delivery


Qusetion: John Johnson, who works for a well-known parcel delivery service, delivered a large package to Pete Peterson and had Pete sign what Pete believed was an acknowledgment of delivery. The package contained component stereo parts that Pete had ordered from a foreign supplier, and Pete was delighted to receive them. Pete did not give the matter a second thought until several months later, when Donna Doe demanded payment of $5,000. Pete discovered that he had signed a three-month negotiable promissory note, rather than the acknowledgment of a delivery, and that Donna had innocently purchased the note from John. Must Pete pay the note? Under the BEA or UCC? Under the ULB?

Request for Solution File

Ask an Expert for Answer!!
Management Theories: John johnson who works for a well-known parcel delivery
Reference No:- TGS02564353

Expected delivery within 24 Hours