Jill, in good faith and for value, gets from Kit a check “payable to the order of bearer.” Jill does not
know that Kit stole the check. Jill is
not an HDC, because Kit did not acquire the check for value.
not an HDC, because Kit did not acquire the check in good faith.
not an HDC, because the check is a bearer instrument.
NAT: AACSB Reflective
Florencia, who is not a GigaBank customer, attempts to cash a check drawn on the bank. The
check is considered dishonored if GigaBank
Bob receives a check from Chris. Without Bob’s knowledge, Dan indorses it in his own name and
deposits it in his account at Elm City Bank. In Bob’s subsequent suit against the bank for the
money, the court will most likely rule in favor of
Clem gets a $100 check as a gift from Daria. Clem crudely increases the amount of the check to
$1,00—the alteration is obvious—and transfers it to eReady Sets, Inc., in exchange for a 3D HD
TV. eReady deposits the check in its bank account at First Town Bank. HDCs of this check