Multiple Choice
Jon is a holder in due course of a negotiable instrument and gives the instrument to Sarah as a Valentine's Day gift.
A) Sarah is a holder in due course.
B) Sarah is not a holder in due course but has the rights of a holder in due course.
C) Personal defenses would be successful against Sarah.
D) Sarah has become the payee of the instrument.
E) Anyone Sarah transfers the instrument to becomes a holder in due course.
Correct Answer:
Verified
Correct Answer:
Verified
Q90: John writes a check,making it payable to
Q91: Can transfer warranties be disclaimed?<br>A) no, they
Q92: Warranty liability is not dependent on one's
Q93: _ warranties cannot be disclaimed with respect
Q94: A holder is any person in possession
Q96: Payees generally do not meet the requirements
Q97: With respect to negotiable instruments,the "red light
Q98: A holder who takes an instrument with
Q99: In terms of the requirements for becoming
Q100: Signature liability on a negotiable instrument is