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A Holder May Still Become a Holder in Due Course

Question 12

Multiple Choice

A holder may still become a holder in due course if he or she is aware of which of the following defects?


A) The instrument contains an unauthorized signature.
B) The instrument is overdue.
C) There is a claim to the instrument.
D) The instrument has been dishonored.
E) The instrument contains a misspelled name.

Correct Answer:

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