Business Law and the Legal Environment 7th Edition by Jeffrey Beatty,Susan Samuelson

Exercise 16

Tom was CEO of a company. He stole money from the company by writing a series of checks made out to "Cash," which he deposited in his own personal account at Bank. (Please do not try this at home.) Of course, he then spent the money. The company sued the Bank to get the money back. Was the Bank a holder in due course?