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Question
Green Grocer Wholesale Inc. received an $800 check from Bob for a grocery purchase. The check was from Forest Enterprises to Ana and had been indorsed to Bob who in turn indorsed the check to Green. The clerk at Green failed to carefully examine the check, not noticing that the number 5 had been changed to an 8. Green Grocer has:
A. not taken the instrument in good faith.
B. taken the instrument in good faith.
C. not taken the instrument in good faith to $500.
D. taken the instrument in good faith to $300.
Answer
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