Jennifer, who stole a check "payable to cash," cannot be a holder since she did not receive possession by voluntary transfer.

Question

Quizplus · Accepted Answer

Jennifer can be considered a holder of the check because being a holder only requires possession of the instrument and that it be payable to the possessor. The method of acquisition (voluntary transfer or theft) does not affect the status of being a holder.

Jennifer, Who Stole a Check "Payable to Cash," Cannot Be