Case Study on Kind Checks Cashed, Inc.Talcott
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... Case Study Any Kind Checks Cashed, Inc. v. Talcott is a case involving Talcott, an elderly man from Massachusetts and Any Kind, a check cashing outlet. The case seeks to establish whether Any Kind qualifies to be a holder in due course (HDC) based on the decision of the court. The court, by upholding a trial court finding, held that Any Kind failed to act in good faith after cashing a check of $10,000, but on the other hand, acted in good faith by cashing the other check of $5,700. Guarino had not been a regular customer of Any Kind. In addition, as argued by the trial judge, it is strange for an investment broker to carry out business through a cashing outlet, who should have used a bank instead....