Which of the Following Was the Result in the Case

question 78

Multiple Choice

Which of the following was the result in the Case Opener, involving the check taken in good faith by a market, later returned to the market based on a stop payment order, and purchased from the market by the plaintiff who sued Cigna, the issuer of the check?

• A) The plaintiff was allowed to recover under the shelter principle and holder-in-due-course status.
• B) The plaintiff was not allowed to recover because he took the check knowing of a problem.
• C) The plaintiff was allowed to recover because the market misrepresented the status of the check.
• D) The plaintiff was not allowed to recover because of the shelter principle and holder-in-due-course status.
• E) The plaintiff was not allowed to recover because the market misrepresented the status of the check.

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