Multiple Choice
A holder in due course must meet all of the following conditions except:
A) giving value for the instrument.
B) taking the instrument when it is overdue.
C) acting in good faith.
D) being ignorant of defenses and adverse claims.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q5: Economic duress, in the form of a
Q6: Isidro issued a negotiable promissory note to
Q7: A person who acquires an instrument with
Q8: The primary party on a draft is
Q9: When the primary party refuses to pay
Q11: The law gives certain holders of a
Q12: A holder through a holder in due
Q13: Which of the following will not be
Q14: Universal defenses work against all of the
Q15: Generally, defenses that could be raised in