(Solution Download) 1 How do the requirements for negotiation of an instrument


1. How do the requirements for negotiation of an instrument with a blank qualified indorsement, as was used in this case, differ from those for negotiation of an instrument with a special qualified indorsement?
2. Suppose that the indorsement at issue in this case had been written on a separate document that was not firmly affixed to the note. Would this document have constituted an allonge? Would Deutsche Bank be entitled to enforce the note? Explain.

On October 6, 2005 Plaintiffs [Vernon Hammett and others] purchased a residential property in Alexandria. As part of that transaction, Plaintiffs executed a promissory note (the ?Note?) in the amount of $475,000 and a deed of trusta (the ?Deed?) securing the note in favor of Encore Credit Corporation (?Encore?).

 







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