menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business Law with UCC Applications
  4. Exam
    Exam 17: Holders in Due Course Defenses and Liabilities
  5. Question
    To Be a Holder in Due Course, the Person in Possession
Solved

To Be a Holder in Due Course, the Person in Possession

Question 16

Question 16

True/False

To be a holder in due course, the person in possession of the instrument must first be an indorser.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: Which of the following is true of

Q5: Ten-year-old Felicity fell in love with a

Q7: _ means a demand made by a

Q11: Notice of dishonor of a check may

Q12: The modern concept of good faith emerged

Q13: A check is overdue ninety days after

Q15: Only the maker of the note is

Q20: Charles writes a check payable to Jane

Q39: Bob purchases a $1,000 negotiable promissory note

Q51: A holder in due course of a

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines