True/False
A holder who does not qualify as a holder in due course in his or her own right becomes a holder in due course if he or she acquires the instrument through a holder in due course.This is called the "transference" principle.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q3: Which of the following is true about
Q4: If an unauthorized agent signs a note
Q5: Generally,all parties to a negotiable instrument are
Q6: A signature in the upper-right corner of
Q7: The holder of a negotiable instrument has
Q9: With few exceptions,an unauthorized indorsement is wholly
Q10: A holder in due course:<br>A) has greater
Q11: A holder in due course takes an
Q12: Under the Uniform Commercial Code,value has not
Q13: What does it mean for liability on