Multiple Choice
The holder of a negotiable instrument is a holder in due course (HDC) if the holder has taken the instrument __________; in good faith; and without notice of it being overdue, fraudulent, or subject to claim by another party.
A) for free
B) for value
C) for no charge
D) All of the choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Holders in due course have immunity from
Q9: Article 3 of the UCC sets a
Q10: FTC regulations make it an "unfair or
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Q12: The _ plays a central role in
Q14: _ notice is not sufficient notice to
Q15: Article 3 provides for personal defenses that
Q16: The _ requirement is particularly important to
Q17: Article 3 of the UCC contains the
Q18: A negotiable instrument may only be transferred