M issued a negotiable instrument note to P with a face value of P10,000, which P endorsed to A who is not a holder in due course, then to B, his son, without any payment but only out of love and affection. Can B seek payment from M?
M issued a negotiable instrument note to P with a face value of P10,000, which P endorsed to A who is not a holder in due course, then to B, his son, without any payment but only out of love and affection. Can B seek payment from M?
Related questions
Question
M issued a negotiable instrument note to P with a face value of P10,000, which P endorsed to A who is not a holder in due course, then to B, his son, without any payment but only out of love and affection. Can B seek payment from M?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps