Bob Receives a Check from Chris

question 29

Multiple Choice

Bob receives a check from Chris. Without Bob's knowledge, Dan indorses it in his own name and deposits it in his account at East Bank. In Bob's subsequent suit against East Bank for the money, the court will most likely rule in favor of

• A) Bob, because Dan's signature is not authorized.
• B) Bob, because East Bank is not a holder in due course.
• C) East Bank, because Dan's signature is not authorized.
• D) East Bank, because it is a holder in due course.