Question
question 1. What are the requirements that must be met for an ordinary holder to become a holder in due course? question 2. Scott discovers
question 1. What are the requirements that must be met for an ordinary holder to become a holder in due course?
question 2. Scott discovers that his check book was stolen from his home. Alexa, the thief, issues a check in the amount of $5K to Georgia as repayment of a debt that she owed Georgia. Alexa forges Scott's name, and then leaves town. Georgia wants to enforce the check against Scott. Please discuss the following:
a. What is Georgia's status, i.e., is she an assignee, an ordinary holder, or a holder in due course?
b. Does Scott have any defenses to paying this check? Explain.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started