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Joanne Had a Paycheck from Pizza Plaza for $54 Made

Question 64

Multiple Choice

Joanne had a paycheck from Pizza Plaza for $54 made out to her.She indorsed it with her name and gave it to Larry, who in return agreed to paint her living room next Saturday.In this case:


A) the check is not negotiable.
B) Larry is not a "holder."
C) Larry is not a "holder in due course."
D) Larry has given value for the check by his agreement.

Correct Answer:

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