Multiple Choice
The shelter principle promotes the marketability and free transferability of negotiable instruments by
A) limiting the rights and privileges of an HDC.
B) extending the benefits of HDC status.
C) permitting any holder to attain HDC status by reacquiring an instrument.
D) sheltering the principal amount of an instrument without recourse.
Correct Answer:
Verified
Correct Answer:
Verified
Q41: If the thief of a stolen bearer
Q42: When an instrument is transferred, an ordinary
Q43: In good faith and for value, Joya
Q44: Coki receives a payroll check from Data
Q45: A holder will be deemed to have
Q47: A person who takes a demand instrument
Q48: In most instances, a payee on a
Q49: Because a party's authenticating intent with respect
Q50: A difference between the handwriting in the
Q51: The method of negotiating an instrument so