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The Purpose of the Shelter Principle and Holder-In-Due-Course Doctrine Is

Question 28

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.

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