Green Grocer Wholesale,Inc.received an $850.00 check from Bob for a grocery purchase.The check was from Forest Enterprises to Ana and had been indorsed to Bob who,in turn,indorsed the check to Green.The clerk at Green failed to carefully examine the check,not noticing that the number 5 had been changed to an 8.Green Grocer has:
A)not taken the instrument in good faith.
B)taken the instrument in good faith.
C)not taken the instrument in good faith to $500.
D)taken the instrument in good faith to $300.

Question

Quizplus · Accepted Answer

Green Grocer took the instrument in good faith because they accepted the check without knowledge of the alteration.