On May 15,2015,Jason indorsed a check dated January 15,2015,and payable by him to ALS Check Cashing Service.ALS:
A)can be a holder in due course,even though the check is antedated.
B)cannot be a holder in due course as it has notice that the instrument is overdue.
C)cannot be a holder in due course only if ALS contacted the drawer who agreed to honor the check.
D)can be a holder in due course only if ALS contacted the drawee who agreed to honor the check.

Question

Quizplus · Accepted Answer

ALS cannot be a holder in due course because the check is overdue, as it was dated January 15, 2015, and indorsed on May 15, 2015, which is beyond the typical period for a check to be considered current.

On May 15,2015,Jason Indorsed a Check Dated January 15,2015,and Payable