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Which Statement Distinguishes the Rights of a Holder in Due

Question 60

Multiple Choice

Which statement distinguishes the rights of a holder in due course from an assignee?


A) Assignees do not have to give notice to the debtor.
B) An assignee's right to collect is subject to the debtor's obligation to pay.
C) The right of a holder in due course to collect depends on the original contract.
D) Holders in due course may not look to prior endorsers to recover funds.

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