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Under Common Law, a Person Who Acquires a Bill or Note

Question 71

Multiple Choice

Under common law, a person who acquires a bill or note for value, in good faith, and without notice that it is defective, overdue, or that any person has a claim to or defense against it is referred to as a(n) ________.


A) holder in due course
B) accommodation endorser
C) aval
D) acceptor

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