In case in the text Bank of America,N.A.v.Inda,why did the court hold that the bank was the holder of the note despite the fact that it transferred the beneficial interest to another entity and was only acting as the servicer of the loan?
A)The bank showed that it was a holder in due course.
B)The bank showed that its successor had transferred the note back to it.
C)The bank showed the chain of indorsements.
D)The bank showed that the note was payable to it or in blank and that it remained in possession of the note.

Question

Quizplus · Accepted Answer

Bank of America was entitled to enforce the note against Inda upon a showing (1)that the note was payable to Bank of America or was indorsed in blank and (2)that Bank of America remained in possession of the note.

In Case in the Text Bank of America,N