Multiple Choice
To qualify as a holder in due course what must a holder do?
A) take the instrument in good faith
B) take the instrument for value
C) take the instrument without notice that it is overdue or defective
D) A,B,and C
E) B and C only
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q30: Billy,a minor,buys a car form Ajax Auto
Q31: A person can become a holder in
Q32: A blank indorsement is one that does
Q33: Which of the following is true about
Q34: Bearer paper cannot be converted from order
Q37: A holder is a person in possession
Q38: An assignment occurs when a nonnegotiable contract
Q39: Paul Painter agreed to paint Harry Homeowner's
Q40: A holder in due course takes an
Q97: With respect to negotiable instruments,the "red light