Joanne had a paycheck for $94 made out to her. She indorsed it with her name and gave it to Larry who, in return, agreed to paint her living and dining rooms the 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.

Question

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The Answer of Joanne had a paycheck for $94 made out to her. She indorsed it with her name and gave it to Larry who, in return, agreed to paint her living and dining rooms the 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.

Joanne Had a Paycheck for $94 Made Out to Her