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Question

Determine whether the following instruments provide notice to the holders that the instruments are overdue and

thus prevent the holders from being holders in due course.


a.             The holder receives a check on May 3, 2015 that is dated January 14, 2015.



b.             The holder receives an undated check on May 3, 2015, that was actually drawn 5 months earlier.



c.             On June 1, 2015, the holder is given a promissory note with a due date of May 15, 2015.



d.             The holder is given a note payable in monthly installments. On the face of the note it says, "First interest payment due on May 1, 2015, WAS NOT PAID."



e.             On April 17, 2015, the holder is given a note due on May 15, 2015. Unbeknownst to the holder, the note had been accelerated, so as to be due on April 15, 2015.

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