Multiple Choice
Mabel issues a negotiable promissory note to the order of Rachel.Rachel endorses the note to Batton,who takes it as a holder in due course.Batton gives the note to his brother,Albert,as a gift.In this situation:
A) Albert will acquire Batton's rights.
B) Albert is a holder through a holder in due course.
C) both a.and b.
D) none of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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Q31: A taker of an instrument who is
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Q44: Parties with rights in a negotiable instrument
Q52: Drawers are secondary parties on a note.