Was the transfer of the check to the bank negotiation

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Reference no: EM133815075

Question

An envelope containing a $50 rebate check was placed in Sam's mailbox by mistake. It was addressed to Price, a former tenant, and read, "Pay to the bearer or G. Price, $50.00." Was Sam a holder of the check? Why or why not? Evans received a check for some items that she sold to a stranger at a yard sale. She endorsed the check and delivered it to a local store in exchange for some groceries. The store deposited the check in its bank account, but it was returned marked "insufficient funds." The store immediately notified Evans. Is Evans obligated to pay the local store the amount of the check? Why or Why not? When Sanny received her paycheck, she endorsed it in blank, placed it on her desk, and went to get a cup of coffee. The check accidentally blew out of an open window. Martha, a stranger to Sanny, found the check on the sidewalk below, took it to a bank, and cashed it. Was the transfer of the check to the bank a negotiation? Why or Why not?

Reference no: EM133815075

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