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Which of the Following Is Correct with Regard to a Holder

Question 22

Multiple Choice

Which of the following is correct with regard to a holder in due course?


A) A holder in due course is primarily liable on an instrument.
B) A holder in due course must notify subsequent transferees of his holder in due course status.
C) A holder in due course can obtain greater rights to payment of an instrument than his transferor had.
D) A holder in due course can give greater rights to a transferee than he has as a holder in due course.

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