Multiple Choice
Under the Uniform Commercial Code's ________ requirement, a person cannot qualify as a holder in due course (HDC) if he or she has noticed that the instrument is overdue.
A) no evidence of forgery, alteration, or irregularity
B) taking in good faith
C) taking without notice of defect
D) taking for value
Correct Answer:
Verified
Correct Answer:
Verified
Q9: An instrument that is not payable to
Q10: Which of the following qualifications renders a
Q11: A separate piece of paper attached to
Q12: The holder of a negotiable instrument has
Q13: An indorsement whereby the indorser promises to
Q15: A qualified indorsement protects subsequent indorsers from
Q16: A qualified indorsement puts limited liability on
Q17: Unqualified indorsements are considered negotiable instruments.
Q18: A(n) _ is an indorsement that has
Q19: A special indorsement is negotiable by indorsement