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| Harrison obtained from Bristow his $11,500 check drawn on the Union National Bank in payment for bogus uranium stock. He immediately negotiated it by a blank endorsement to Dunlop in return for $1,000 in cash and her check for $10,500. Dunlop qualified as a holder in due course. She deposited the check in her checking account in the Oceanside Bank. Upon discovering that the stock was bogus, Bristow notified Union National to stop payment on his check, which it did. The check was returned to Oceanside Bank, which in turn debited Dunlop’s account and returned the check to her. Which of the following statements is correct? A. Oceanside’s debiting of Dunlop’s account was improper since she qualified as a holder in due course. B. Dunlop will be entitled to collect only $1,000. C. Dunlop can recover $11,500 from Bristow despite the stop order, since she qualified as a holder in due course. D. Dunlop can collect from Union National Bank since Bristow’s stop payment order was invalid in that the defense was only a personal defense. |