Trixie Trouble steals a check from your checkbook and makes it out to Sam Shady, forging your signature as the drawer. Sam Shady knows the check is stolen, but he indorses it payable to Hannah Holder and gives her the instrument in the ordinary course of business. Hannah took the check for value and in good faith Does Hannah qualify as a holder in due course? Yes, because she did not have notice of the forgery. No, because no one can be an HDC of a forged instrument. No, because she had notice of the forgery. Yes, because the forgery was not obvious just by looking at the instrument.

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