Abby needs some quick cash,so she hits upon a scheme.She tells Frank that she is collecting for foreign refugees,so Frank makes out a check for $100 payable to the order of Abby.Abby indorses it and delivers it to Joanne for $90 cash.Joanne gives it to Margaret as a present.Frank discovers Abby's deception and refuses to pay Margaret.Will he win?
A) No,because Margaret is a holder in due course
B) No,because of the shelter rule
C) Yes,since Margaret did not take the check for value
D) Yes,since the check was not negotiated to Margaret

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The Answer of Abby needs some quick cash,so she hits upon a scheme.She tells Frank that she is collecting for foreign refugees,so Frank makes out a check for $100 payable to the order of Abby.Abby indorses it and delivers it to Joanne for $90 cash.Joanne gives it to Margaret as a present.Frank discovers Abby's deception and refuses to pay Margaret.Will he win?
A) No,because Margaret is a holder in due course
B) No,because of the shelter rule
C) Yes,since Margaret did not take the check for value
D) Yes,since the check was not negotiated to Margaret

Abby Needs Some Quick Cash,so She Hits Upon a Scheme