Negotiable Instruments
Unless half the final could have been answered with a combination of frowny faces and expletives, I probably failed. But that's not to say I didn't try and that's not to say I blame myself. Oh no. I blame only the test and its creator.
Rather than describing the experience in detail and risking an honor code violation, I'll simply say Prof. Negotiable / Antitrust and I are no longer friends and leave you with that. That and this video.
Up next is Secured on Tuesday.
posted by Jon Swanburg @ 6:32 PM
9 comments
9 Comments:
I'm glad Prof. Neg. Instr. doesn't know what was running through my head during that test. Besides the lack of knowledge of negotiable instruments, that is...
I'm glad he didn't see me spend 10 minutes mapping out the essay that turned out to be a fill in the blank.
On that same note, I'm kind of surprised one of the true/false didn't read: "Question 31 is an essay. True, False, Neither or Both. Circle One."
GS...that's all I have to hope for
Question 32: Tom, a successful congressman, was obliged to Candy for services performed. For this obligation, Bob issues to Candy a check payable to the order of Candy for $20. Candy negotiated the check to Macktastic who paid $20 for the check. Macktastic gave the check to his employee, Trixy, to deposit the check in the First Hotown Bank. In doing so, Macktastic blankly indorsed the check. Before Trixy was able to get to the bank, she had to turn a job. While she was busy, her customer, Joe, was able to go through her belongings and discovered the check. He stole the check, and, knowing Bob was a successful congressman, altered the check to the amount $2000 thinking Bob would have more than sufficient funds to cover the amount. Joe then negotiated the check to Anne who paid $2000 in good faith without any notice of wrong-doing. Anne negotiated the check to Robert, who negotiated it to Pat, who gave it to Kenny as a gift. Kenny deposited the check in his account at Southpark Bank. Southpark Bank, in Colorado, sent the check to Tom's bank in Houston, First Houston Bank, which gave a provisional settlement to Southpark bank on Wednesday. But Tom, being unsatisfied with the services rendered by Candy, put a stop payment order on the check. Also, Tom was under a federal investigation for money laundrying and bribery so the government froze Tom's account. Before First Houston Bank returned notice of dishonor, Kenny had withdrawn funds by writing a check to Stan. Kenny was then immediately struck by lightning and killed, to which Kyle exclaimed, "Oh my god, you killed Kenny! You bastard!" Kyle then called Southpark Bank putting a stop payment order on the check Kenny wrote to Stan by claiming an interest in the account. Southpark Bank dishonored the check when Stan presented it. Discuss all legal issues.
Is that a crazy enough fact pattern for Prof. Neg. Instr.?
It's probably no consolation, but really, if you took NI, you accomplished passing 1 of 2 UCC questions on the bar. I decided I'd take one or the other and settled on secured transactions, which was beneficial. The question we had on ST was somewhat in depth, but for the NI question, I just wrote down the elements of negotiability, applied them, and was done.
You shut up. You just shut your dirty mouth right now. I did not spend all that time memorizing UCC provisions and getting my ass spanked by a dirty, dirty exam so I could answer one bar question.
Then why?
Touché, Mr. B.
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