A holder who takes an instrument with notice of its dishonor cannot qualify as a holder in due course.
Correct Answer:
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Q17: A holder in due course takes a
Q18: One with notice of dishonor of an
Q19: Under the Uniform Commercial Code,value has been
Q20: Even though an unperformed promise qualifies as
Q21: Payees generally do not meet the requirements
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
Q27: A purchaser cannot be a holder in
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