Bearer Instruments. Gilbert Ramirez claimed that he had purchased a winning lottery ticket, the ...

Bearer Instruments. Gilbert Ramirez claimed that he had purchased a winning lottery ticket, the prize for which was approximately 1.5 million. Unfortunately, Ramirez had lost the ticket itself and therefore could not claim the prize. Even though the evidence indicated that he very likely was indeed the purchaser of the winning ticket, under the state lottery rules, he could not claim the prize unless he produced the winning ticket. In a legal action brought by Ramirez against the state lottery bureau, Ramirez claimed, among other things, that the lottery ticket was a negotiable instrument because on the back of each lottery ticket were the following words: THIS TICKET IS A BEARER INSTRUMENT SO TREAT IT AS IF IT WERE CASH. Because the owner of a lost negotiable instrument can collect on the instrument if certain requirements are metsuch as establishing proof of ownership, the terms of the instrument, and so onRamirez argued that he should be allowed to claim the prize if he could meet these requirements. Discuss fully whether Ramirez will succeed in his claim that the lottery ticket was a negotiable instrument.

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.

Bearer Instruments. Gilbert Ramirez claimed that he had purchased a winning lottery ticket, the ...

Related Topics