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seansam seansam
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6 years ago
Gifts. Hugh Chalmers issued a promissory note to his father in the amount of 50,000, plus interest. The note was secured by a deed of trust on certain real estate and was payable on demand or within sixty days of the father's death. More than seventeen years later, the father assigned the deed of trust to his wife, Nina. The existence of the note was mentioned in the assignment, which was recorded in the appropriate state office with the deed of trust. After the father died, Nina found the note in a safe-deposit box. On the back of the note, the father had indorsed the note to Nina. When Chalmers refused to pay the amount due, Nina filed a lawsuit in an Arkansas state court against him. Chalmers argued that the note had not been effectively delivered. What should the court hold? Discuss.
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lsellers6lsellers6
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seansam Author
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6 years ago
Smart ... Thanks!
jamesbove
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Yesterday
You make an excellent tutor!
jodie1
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2 hours ago
Brilliant ツ
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