Why was that check order paper or bearer paper


Problem

A. While walking along a sidewalk, Giron found an uncashed check that was payable to the order of Luciano P. Mancuso. Giron took the check to a bank, claiming that he was a bearer of the instrument. Do you agree with Giron? Why or why not?

B. In number one above, was that check order paper or bearer paper? Explain.

C. October 17, 2006, Winchester Massachusetts. Eighteen months after the date, I promised to pay to the order of Margaret Otis, $1,000 with interest. Given in payment of merchandise. Signed Henry Mohr. Was this instrument negotiable? Why or why not?

Request for Solution File

Ask an Expert for Answer!!
HR Management: Why was that check order paper or bearer paper
Reference No:- TGS03260054

Expected delivery within 24 Hours