Dewey is the payee for a check written by Fred.Cash Credit Corporation (CCC) accepts the check from Dewey as part of a payment.CCC cannot become a HDC if
A)the check has been transferred more than once.
B)the check has been outstanding for one week.
C)the check has been outstanding for more than ninety days.
D)there are bankruptcy proceedings against Fred.

Question

Quizplus · Accepted Answer

A check that has been outstanding for more than ninety days is considered stale, and a holder cannot become a holder in due course (HDC) if they take a stale check.

Dewey Is the Payee for a Check Written by Fred