Lucky Loses in a High-Stakes Poker Game to Fat Chance

question 13

Multiple Choice

Lucky loses in a high-stakes poker game to Fat Chance.To pay his debt,Lucky writes a check to Fat Chance,who negotiates the check to Convenient,who then tries to cash the check at Lucky's bank.Lucky has already stopped payment on the check,so the check is not honored by her bank.Convenient then tries to collect the check by suing Lucky.High-stakes poker games are illegal in this state.Which statement is correct?

• A)If Convenient can demonstrate that he is a holder in due course, he will prevail.
• B)If Convenient can demonstrate that he was a buyer in the ordinary course of business, he will prevail.
• C)If Convenient can demonstrate that he gave value without notice, he will prevail.
• D)Convenient will not prevail.

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Definitions:

Psychoanalytic

Pertaining to a set of theories in psychology that focus on unconscious processes influencing behavior and thoughts.

Rational-emotive Therapy

A psychotherapeutic approach that focuses on resolving emotional and behavioral problems by confronting irrational beliefs and changing them into rational ones.

Cognitive-behavioral Therapy

A psychological treatment approach that addresses problematic thoughts and behaviors through a goal-oriented process.

Beck

Refers to Aaron T. Beck, an influential figure in the field of psychology known for his work on cognitive therapy and depression.