Lucky loses in a high-stakes poker game to Fat Chance.To pay his debt,Lucky writes a check to Fat Chance,who negotiates the check to Convenient,who then tries to cash the check at Lucky's bank.Lucky has already stopped payment on the check,so the check is not honored by his bank.Convenient then tries to collect the check by suing Lucky.High-stakes poker games are illegal in this state.Which statement is correct?
A)If Convenient can demonstrate that he is a holder in due course,he will prevail.
B)If Convenient can demonstrate that he was a buyer in the ordinary course of business,he will prevail.
C)If Convenient can demonstrate that he gave value without notice,he will prevail.
D)Convenient will not prevail.

Question

Quizplus · Accepted Answer

Since the high-stakes poker game is illegal in this state, the contract between Lucky and Fat Chance is void, meaning the check was not valid from the beginning. Therefore, Convenient cannot collect the check by suing Lucky, and will not prevail in court.

Lucky Loses in a High-Stakes Poker Game to Fat Chance