Maria gives Joe $250 cash in return for Joe's indorsed check for $300.If Maria subsequently finds out that the check she took was given to Joe in return for a stolen car, Maria is no longer a holder in due course.
Correct Answer:
Verified
Q2: Every indorsement is either blank or special.
Q5: Both negotiable instruments and nonnegotiable undertakings are
Q9: A negotiation is void if the transaction
Q12: The type of indorsement used in first
Q21: An indorsement must be written within 1
Q26: A check is made payable "to the
Q29: A bank "gives value" when it allows
Q31: An executory promise is the giving of
Q32: A person who takes a check stamped
Q39: A mere holder or an assignee takes
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