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What Is the Distinction Between a "Holder" and a "Holder

Question 55

Multiple Choice

What is the distinction between a "holder" and a "holder in due course"?


A) A holder is usually in a stronger position than a holder in due course.
B) A holder in due course has no notice of defects between the drawer and payee.
C) Unlike a holder in due course,a holder cannot be a payee.
D) A holder has absolute rights to collect as against the drawer.

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