Idina wants to buy a promissory note from Jill. The note is due on April 1. To become an HDC, Idina must buy the note
A)before midnight on April 1
B)before noon on April 1.
C)before 8:00 a.m.on April 1
D)within thirty days of April 1.

Question

Idina wants to buy a promissory note from Jill. The note is due on April 1. To become an HDC, Idina must buy the note​
A)before midnight on April 1
B)before noon on April 1.
C)before 8:00 a.m.on April 1
D)within thirty days of April 1.

Quizplus · Accepted Answer

To become a holder in due course (HDC), Idina must acquire the note before it is due, which is before midnight on April 1.

Idina Wants to Buy a Promissory Note from Jill