Study each of the following cases carefully. Briefly state the principle of law and your decision.
Postdated Check 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:
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Decision:
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