In the case in the text New Randolph Halsted Currency Exchange v.Regent Title Insurance Company,what was the court's holding when it determined that New Randolph could qualify as a holder in due course?
A)It took the check without notice that any party had a claim in recoupment to it.
B)It acted in good faith.
C)It took the check for value.
D)It acted in a commercially reasonable manner in seeking to determine the authenticity of the check.

Question

Quizplus · Accepted Answer

The court concluded that a check-cashing service could qualify as a holder in due course of a check it took with irregularities that called its authenticity into question because it acted in a commercially reasonable manner in seeking to determine the authenticity of the check.

In the Case in the Text New Randolph Halsted Currency