Question
Tom and Cindy received a $2,000 income tax return check from the IRS payable to Tom and Cindy. Cindy endorsed the check to Friendly Motors
Tom and Cindy received a $2,000 income tax return check from the IRS payable to "Tom and Cindy." Cindy endorsed the check to Friendly Motors as a down payment on a car. Which of the following is true of this situation?
Friendly Motors is the holder of the check
Friendly Motors is a holder in due course
Friendly Motors is the holder and the endorser
Friendly Motors is not the holder of the check
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Tort Law
Authors: Kirsty Horsey, Erika Rackley
7th Edition
019886776X, 978-0198867760
