Multiple Choice
Which of the following is true about the good faith requirement for becoming a holder in due course?
A) It applies to both the transferor and the transferee of a negotiable instrument.
B) The UCC provides no guidance regarding the meaning of good faith.
C) It is an objective test applied using the reasonable person standard.
D) It means honesty in fact in the conduct of the transaction in question.
E) It is an objective test based on a reasonable person.
Correct Answer:
Verified
Correct Answer:
Verified
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