timer Asked: Aug 10th, 2013

Question Description

Now suppose that you go to
your bank and write a check on your account payable to cash for $500. The teller
gives you the cash without asking you to indorse the check. After you leave, the
teller slips the check into his pocket. Later, the teller delivers it (without
an endorsement) to his friend Carol in payment for a gambling debt. Carol takes
your check to her bank, indorses it, and deposits the money.

Discuss whether Carol is a
holder in due course.

These two individual
works should each include the following:

  • An in-depth submission that
    should be free of spelling and grammar errors.
  • An essay containing a
    minimum of 200 words.
  • You will be assessed on the
    rationale you use in addressing the questions/issue posted, and how well you
    justify your argument regarding this issue.
  • Your response must be
    thought provoking, have well developed ideas and/or opinions, and should
    reference any supporting material from the text, lecture or other sources you
    have used to complete the assignment.

You may use your text or the
internet as a reference, but remember to cite your sources according to APA
guidelines.  For citation guidelines, please refer to the table in
the APA Style section of the syllabus.

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