Mamie induces Reagan, by fraud in the inducement, to make an instrument payable to the order of Mamie . She subsequently negotiates the instrument to Jeff, a holder in due course. If Mamie later reacquires the instrument from Jeff , Mamie will succeed to Jeff 's rights as a holder in due course under the shelter rule.

Question

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The Answer of Mamie induces Reagan, by fraud in the inducement, to make an instrument payable to the order of Mamie . She subsequently negotiates the instrument to Jeff, a holder in due course. If Mamie later reacquires the instrument from Jeff , Mamie will succeed to Jeff 's rights as a holder in due course under the shelter rule.

Mamie Induces Reagan, by Fraud in the Inducement, to Make