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Which of the Following Must a Transferee Fulfill in Order

Question 2

Multiple Choice

Which of the following must a transferee fulfill in order to be a holder in due course?


A) Have a valid reason to question the instrument's authenticity
B) Be able to issue an enquiry into the face value of a negotiable instrument
C) Should not hold a negotiable instrument
D) Should accept that the instrument contains an unauthorized signature or has been altered
E) Should be able to question whether the instrument has been dishonored or not

Correct Answer:

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