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The Federal Trade Commission (FTC)holder in Due Course (HDC)rule Applies

Question 4

Multiple Choice

The Federal Trade Commission (FTC) holder in due course (HDC) rule applies when a buyer ________.


A) signs a sales contract that includes a check
B) signs a sales contract that includes a promissory note
C) signs an installment sales contract that does not contain a waiver of defenses clause
D) arranges financing with a third-party lender

Correct Answer:

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