To qualify as a holder in due course what must a holder do?
A) take the instrument in good faith
B) take the instrument for value
C) take the instrument without notice that it is overdue or defective
D) A,B,and C
E) B and C only
Correct Answer:
Verified
Q26: Which of the following is the best
Q27: A holder of a negotiable instrument is:
A)
Q28: Which of the following is not required
Q29: A holder,through a holder in due course,qualifies
Q30: A holder cannot become a holder in
Q32: Wayne issues a draft payable to Molly.Molly
Q33: Negotiation of which type(s)of instrument requires indorsement?
A)
Q34: The negotiation of an order instrument requires:
A)
Q35: Even though an unperformed promise qualifies as
Q38: With respect to negotiable instruments,the "red light
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