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A Holder May Still Become a Holder in Due Course

Question 52

Multiple Choice

A holder may still become a holder in due course if he or she is aware of which of the following defects?


A) The instrument has been dishonored.
B) The instrument is overdue.
C) The instrument contains an unauthorized signature.
D) The instrument contains a misspelled name.
E) There is a claim to the instrument.

Correct Answer:

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