Multiple Choice
Any person who can trace his title to an instrument back to a holder in due course receives rights similar to a holder in due course even if he cannot meet the requirements himself. This is known as the _____.
A) shelter rule
B) holder in due course rule
C) Federal Trade Commission rule
D) irregular paper law
Correct Answer:
Verified
Correct Answer:
Verified
Q34: Ming indorsed a check from his employer
Q35: Which of the following statements is true
Q36: The Federal Trade Commission rule designed to
Q37: If an indorsement contains the signature of
Q38: In order to become a holder in
Q40: If Jonathan indorses an instrument in blank
Q41: A person is a(n) _ if she
Q42: To be a holder of a negotiable
Q43: Mantra Oil Inc. indorses a check "Pay
Q44: Which of the following statements is true