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A Person Can Become a Holder in Due Course of an Instrument

Question 31

Multiple Choice

A person can become a holder in due course of an instrument that has been altered:


A) in all circumstances
B) in all circumstances so long as the person did not know of the alteration
C) only if the alteration could not reasonably be detected
D) only if the alteration was not done by the person's immediate transferor
E) under no circumstances

Correct Answer:

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