Multiple Choice
Which of the following qualifications renders a person as a holder in due course of a negotiable instrument?
A) if he takes the negotiable instrument for value
B) if he is subject to claims and defenses against the transferor
C) if he is in possession of an instrument issued in his name
D) if he is in possession of an instrument issued in another's name
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Explain with an example how a holder
Q15: An unauthorized signature by a purported agent
Q17: Under the UCC,value is given if the
Q18: Give an example of a situation where
Q20: Every party that signs a negotiable instrument
Q22: Mark acquires an instrument from a stranger
Q23: Where an indorsement on an instrument has
Q24: A check is an order from a
Q57: A person who takes a negotiable instrument
Q62: Liability on a negotiable instrument that is