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In Order to Become a Holder in Due Course, a Person

Question 38

Multiple Choice

In order to become a holder in due course, a person who takes a negotiable instrument must be a holder, and take the instrument:


A) without notice that the instrument contains an authorized signature.
B) with notice that it is overdue or has been dishonored.
C) with notice of any claim of a property or possessory interest in it.
D) without notice that any party has any defense against it or claim in recoupment to it.

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