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    Exam 26: Transferability and Holder in Due Course
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    Loren Signs a Note That States, "Payable in Thirty Days
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Loren Signs a Note That States, "Payable in Thirty Days

Question 8

Question 8

Essay

Loren signs a note that states, "Payable in thirty days." The note is dated March 2. Micah buys the note on April 3. Is Micah an HDC of the note? Explain.

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No. Generally, the time that a due date ...

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