Analysis

Question 1

Commercial Paper Analysis

Answer 1

(1) Who are the parties?

(2) is the instrument negotiable?

(3) was it properly negotiated?

(4) does the holder have Holder in Due Course Rights?

(5) What is the cause of actions(K, warranty, tort, not properly payable?)

(6) what defenses can Defendant raise?

(7) If defendant is liable, can defendant shift liability to another party?