Multiple Choice
To qualify as a holder in due course, the holder must take the instrument
A) for value.
B) in good faith.
C) without knowledge that the paper might be overdue.
D) under all of the circumstances stated above.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q21: To be a holder in due course,
Q22: If payment of a negotiable instrument is
Q23: The Federal Trade Commission has enacted a
Q24: Parties to a negotiable instrument who have
Q25: The amount of a promissory note was
Q27: Presentment of a note is<br>A) a demand
Q28: What are the three requirements for a
Q29: Nonnegotiable instruments are subject to the rules
Q30: Duress as a legal reason (defense) offered
Q31: Under the provisions of the UCC, in