Question number two?

Davidson who was a holder in due course. Will Davidson be successful in recovering the $5,000 from Baker in court? Why or why not? 2. Refrigerated Transport Co. Inc. employed a collection agency to collect some of its overdue accounts. The collection agency indorsed, without authority, checks made payable to Refrigerated Transport and deposited them in the agency's own checking account. Was the bank that accepted the checks for deposit a holder in due course? Why or why not? [ See: Nat'l Bank v. Refrigerated Transp., 248 S.E.2d 496 (GA).] 3. Andersen entered into a franchise agreement with Great Lake Nursery, under which Andersen was to grow and sell nursery stock and Christmas trees. Great Lake was to provide trees, chemicals, and other items. Andersen signed an installment note that read in part