2.99 See Answer

Question: Graver gave Srau a postdated check for $


Graver gave Srau a postdated check for $2,000 as a deposit on a sailboat as acceptance of Srau’s offer to sell the boat. Later, after Srau sold the boat to someone else, he claimed that the check was not really part of a binding contract because it was postdated, and thus created a qualified acceptance. Did postdating the check affect its negotiability?
Principle of law:
Decision:

2.99

See Answer