Multiple Choice
Under the UCC's ________ requirement,a person cannot qualify as an HDC if he or she has taken an instrument after detecting that it has been dishonored.
A) no evidence of forgery, alteration, or irregularity
B) taking in good faith
C) taking without notice of defect
D) taking for value
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Stanley, who owes Milton money, indorses a
Q26: A _ defense is a type of
Q38: Liability in which a person cannot be
Q91: When an indorsement on an instrument has
Q92: Which of the following is a personal
Q93: Commercial paper held by a holder in
Q95: Martha draws a check payable to the
Q97: Primary liability refers to the liability on
Q98: Mara draws a $1,000 check on Royal
Q100: An agent is a person who is