A holder who takes a negotiable instrument from a thief cannot become an HDC even if the item was acquired in good faith and there was no reason to be suspicious of the transaction.
Correct Answer:
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Q5: An insurance agent who receives a check
Q6: Negotiating bearer instruments requires both indorsement and
Q7: To avoid the risk of loss from
Q8: If the thief of a stolen bearer
Q9: A check "payable to Orit" followed by
Q11: Generally, an indorser, merely by indorsing, impliedly
Q12: When a drawer gives one alternative or
Q13: A check "payable to the order of
Q14: The assignee of a negotiable instrument receives
Q15: An instrument that requires an indorsement for
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