Matthew pays Trevor with a check for painting his house. Trevor indorses the check as a blank indorsement and gives it to Wendell for fixing Trevor's car. Wendell knows that Matthew is impoverished and was recently convicted for passing bad checks. Nevertheless, Wendell needs the money so he takes Matthew's check from Trevor as payment. Is Wendell a holder-in-due-course

Question

10-06-2024
Law

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Matthew pays Trevor with a check for painting his house. Trevor indorses the check as a blank indorsement and gives it to Wendell for fixing Trevor's car. Wendell knows that Matthew is impoverished and was recently convicted for passing bad checks. Nevertheless, Wendell needs the money so he takes Matthew's check from Trevor as payment. Is Wendell a holder-in-due-course

Sagot :

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