Business, 28.05.2021 04:30 summerhumphries3

If Larry does not know about the theft or any problems with the instrument, what is the status of Larry

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Answer from: rbgrh9465

Incomplete question. The full question read;

Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he will not pay them and puts a stop payment on the check. However, the check is stolen by Theron Thief (and Bob was not negligent) who then gives it to his landlord, Larry Landlord, to whom Theron already owes $1000. If Larry does not know about the theft or any problems with the instrument, what is the status of Larry:

1. Accommodation Indorser

2. Ordinary Holder

3. A Maker

4. Holder in Due Course

Explanation:

Under the provisions made by the law, basically when someone holds possession of a payment instrument such as a check without knowledge that the instrument has either been:

dishonored,or it has been altered, forged,or contain some irregularities, etc,

This individual (Larry) who holds this payment instrument in good faith is termed the Holder in Due Course.

Answer from: Quest

explanation:

Answer from: Quest

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

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brainliest answers in last 30 days: 10

warnings: 0 view

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questions/answers incorrectly reported: 64

look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

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