Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson

Exercise 17

The possessor of a piece of order paper does not have an unconditional right to be paid if:
(a) The paper is negotiable.
(b) The possessor is the payee.
(c) The paper has been indorsed to the possessor.
(d) The possessor is a holder in due course.
(e) The issuer changed his mind after signing the instrument.