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Mabel Issues a Negotiable Promissory Note to the Order of Rachel.Rachel

Question 2

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:

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