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Which of the Following Qualifications Renders a Person as a Holder

Question 19

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

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