Multiple Choice
Which of the following situations best indicates that a person would not qualify as a holder in due course?
A) Arranges to pay for the instrument at a later time.
B) The person was notified that a prior indorser was discharged but in good faith.
C) The person took the instrument in payment of a prior debt.
D) The person accepted the instrument from a thief unaware of this fact.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: An example of a personal defense is<br>A)
Q6: Changing the amount of an instrument is<br>A)
Q7: In what capacity is an accommodation party
Q8: A signed instrument lacking some piece of
Q9: If the drawee of a draft refuses
Q11: Roberts issued a negotiable instrument to Blackmar
Q12: A secondary party cannot limit her or
Q13: Personal defenses are not good against holders
Q14: The defense of slight duress is good
Q15: A good defense against a holder in