Question
Zeke pulls out a knife and tells Bob to write him a check for $500. Bob does so. Zeke takes the check to his bank,
Zeke pulls out a knife and tells Bob to write him a check for $500. Bob does so. Zeke takes the check to his bank, properly endorses it, and receives $500 in cash. Bob stops payment on the check. Which of the following statements is true?
A. Bob need not pay the check because the bank is a holder, not a holder in due course.
B. Bob need not pay the check because it was obtained illegally.
C. Bob must pay the check because the bank is a holder in due course.
D. Bob must pay the check because Zeke was a holder in due course
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College Physics
Authors: Jerry D. Wilson, Anthony J. Buffa, Bo Lou
7th edition
9780321571113, 321601831, 978-0321601834
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