A purchaser cannot be a holder in due course if an instrument is acquired either after demand or at an unreasonable length of time after its issue.
Correct Answer:
Verified
Q22: A holder who takes an instrument with
Q23: If an unauthorized agent signs a note
Q24: To qualify as a holder in due
Q25: In terms of the requirements for becoming
Q26: In terms of signature liability on a
Q28: To qualify as a holder in due
Q29: The signature of the drawee named in
Q30: The signature on a negotiable instrument can
Q31: A holder who does not qualify as
Q32: To qualify as a holder in due
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