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.
Correct Answer:

Verified
Correct Answer:
Verified
Q50: Which of the following would most likely
Q51: What is a distinguishing feature of banking
Q52: Which of the following formerly applied to
Q53: The acceptance of cheques for payment creates
Q54: An endorsed cheque is an example of
Q56: Normally,the bank is not obligated to give
Q57: The common law duties of banks include
Q58: What is the name given to the
Q59: Why are banks placing daily and weekly
Q60: Which statement distinguishes the rights of a