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A Holder in Due Course,as Defined by the UCC,includes Which

Question 29

Multiple Choice

A holder in due course,as defined by the UCC,includes which of the following? A holder in due course:


A) must have given a "just price" as consideration for the document or instrument.
B) must be unrelated to the original document holder.
C) must have taken the instrument for value and without notice it is overdue or has been dishonored.
D) A and C only.
E) none of these are correct.

Correct Answer:

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