menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    The Law and Business
  4. Exam
    Exam 19: Negotiable Instruments
  5. Question
    If a Holder Takes an Instrument Knowing It Is Defective,he
Solved

If a Holder Takes an Instrument Knowing It Is Defective,he

Question 7

Question 7

True/False

If a holder takes an instrument knowing it is defective,he is still a "protected" holder in due course if he acts promptly in correcting the defect.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: The difference between a cheque and draft

Q3: Briefly identify two modern alternatives that are

Q4: The bank on which a cheque is

Q5: Use the fact situation above to answer

Q6: Explain the nature of the liability of

Q8: Given that the majority of negotiable instruments

Q9: Albert,a supplier of goods,owes George $2000.00.Albert gives

Q10: Delivery of a negotiable instrument in payment<br>A)is

Q11: Negotiable instruments are different from other contracts.Explain

Q12: Only real defences can be used to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines