Question: Skye asks Jim to buy a textbook for her at the County Community College campus bookstore. Skye writes a check payable to the bookstore and
Skye asks Jim to buy a textbook for her at the County Community College campus bookstore. Skye writes a check payable to the bookstore and leaves the amount blank for Jim to fill in the price of the book. The cost of the book is $100. Jim fills in the check for $200 before he gets to the bookstore. The clerk at the bookstore gives Jim the book and takes the check for $200. Is the bookstore a holder in due course (HDC) of Skye’s check.
Step by Step Solution
★★★★★
3.34 Rating (184 Votes )
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Yes One of the requirements for HDC status is a lack ... View full answer
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
Document Format (1 attachment)
311-L-B-L-N-I (286).docx
120 KBs Word File
