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Mary agreed to buy Ben textbook for 50 but she doesnt have cash and she needs the money in her checking account to pay her
Mary agreed to buy Ben textbook for 50 but she doesnt have cash and she needs the money in her checking account to pay her bills. So Mary signs her name on the back of a check in the amount of 50 that she received as a gift from her grandmother an gives it to Ben in eco for text book.
Assuming that the check meets the requirements of negotiability did Mary properly negotiate? 2. Does Ben qualify as a holder in due course.3 if Ben present the check for payment and its dishonored is Mary liable for the 50?
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