Multiple Choice
The ________ is a doctrine that says a holder who does not qualify as a holder in due course in his or her own right becomes a holder in due course if he or she acquires an instrument through a holder in due course.
A) exclusionary rule
B) acceleration clause
C) shelter principle
D) good faith principle
Correct Answer:

Verified
Correct Answer:
Verified
Q57: A person who takes a negotiable instrument
Q58: Which of the following is true of
Q59: To qualify as an HDC, a person
Q60: Which of the following is a similarity
Q61: An instrument that is payable to a
Q63: A specially qualified indorsement can only be
Q64: The good faith test for an HDC
Q65: Value has been given by the holder
Q66: A holder of a defective instrument cannot
Q67: If a transferred negotiable instrument fails to