D drew a check to the order of P. P took the check postdated. P knew that

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D drew a check to the order of P. P took the check postdated. P knew that D was having financial difficulties and that the particular checking account on which this check was drawn had been frequently overdrawn. Do these circumstances prevent P from being a holder in due course? [Citizens Bank, Booneville v National Bank of Commerce, 334 F2d 257 (10th Cir); Franklin National Bank v Sidney Gotowner, 4 UCC Rep Serv 953 (NY Supp)]

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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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