A bank customer purchased a bank money order and paid for it with a forged check. The
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A bank customer purchased a bank money order and paid for it with a forged check. The money order was negotiable and was acquired by N, who was a holder in due course. When N sued the bank on the money order, the bank raised the defense that its customer had paid with a bad check. Could this defense be raised against N? Why or why not? [Bank of Niles v American State Bank, 303 NE2d 186 (Ill App)]
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Anderson's Business Law And The Legal Environment
ISBN: 9780324638189
20th Edition
Authors: David P Twomey, Marianne M Jennings, Ivan Fox
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