Question: On May 1 5 , 2 0 2 2 , Jason indorsed a check dated January 1 5 , 2 0 2 2 , and
On May Jason indorsed a check dated January and payable by him to ALS Check Cashing Service. Which of the following is true regarding the status of ALS Check Cashing Service?
Multiple Choice
It cannot be a holder in due course since it has notice that the instrument is overdue.
It can be a holder in due course, but only if ALS Check Cashing Service contacted the drawee and the drawee agreed to honor the check.
It cannot be a holder in due course, but only if ALS Check Cashing Service contacted the drawer and the drawer agreed to honor the check.
It can be a holder in due course even though the check is antedated.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
