Multiple Choice
The purpose of the Shelter Principle and Holder-in-Due-Course doctrine is:
A) To encourage free-market capitalism through competition.
B) To protect financial intermediaries by restricting the marketability of instruments.
C) To encourage the marketability of instruments and encourage financial intermediaries to engage in financial transactions.
D) To help people devise new ways to achieve financial success.
E) To remove as many restraints as possible from the marketability of instruments in order to facilitate commerce.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Which statement is true regarding the requirement
Q24: Which of the following does the UCC
Q25: A holder in due course may be
Q26: When an instrument is payable to joint
Q27: What is the effect of the check's
Q29: An endorsement that is the endorser's signature
Q30: When an instrument is being transferred to
Q31: When a consumer credit contract is transferred
Q32: In order to be negotiated,order paper must
Q33: Which of the following was the result