Question: Carl writes a check for $ 5 0 0 , payable to the order of Fred. Fred owes Greta $ 6 0 0 , so
Carl writes a check for $ payable to the order of Fred. Fred owes Greta $ so Fred changes the to a and endorses it over it to Greta to pay the debt. Which of the following statements istrue
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Greta is a holder in due course because she isn't the one who altered the instrument.
Greta isn't a holder in due course because she didn't take for value.
Greta is a holder in due course unless she knew Fred altered the instrument.
Greta isn't a holder in due course because the instrument has been altered.
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