Multiple Choice
Jones issued a check to Smith in return for Smith's promise to do work. Smith never did the promised work, but offered to buy goods from Gomez by endorsing the check to Gomez. Gomez had had no prior dealings with Jones or Smith, but accepted the check in payment. Gomez:
A) cannot be a holder in due course.
B) is considered an assignee of Smith's rights.
C) is a holder through a holder in due course.
D) is a holder in due course.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The primary party on a certificate of
Q3: If a person signs a negotiable instrument
Q4: A taker of a negotiable instrument may
Q5: Economic duress, in the form of a
Q6: Isidro issued a negotiable promissory note to
Q7: A person who acquires an instrument with
Q8: The primary party on a draft is
Q9: When the primary party refuses to pay
Q10: A holder in due course must meet
Q11: The law gives certain holders of a