Payees generally do not meet the requirements for being a holder in due course,because they know about any claims or defenses against the instrument.
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Q16: Under the Uniform Commercial Code,value has been
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
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
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