2.99 See Answer

Question: Poulakis sold a computer using fraudulent means


Poulakis sold a computer using fraudulent means to Welson, who paid for the machine with a promissory note for $1,200. When Welson discovered the fraud, she refused to honor the note when it was presented for payment by a subsequent holder. Welson claimed fraud as a defense. Will Welson succeed in avoiding payment to a holder in due course?
Principle of Law:
Decision:

2.99

See Answer