Which of the following situations best indicates that a person would not qualify as a holder in due course?
A) Arranges to pay for the instrument at a later time.
B) The person was notified that a prior indorser was discharged but in good faith.
C) The person took the instrument in payment of a prior debt.
D) The person accepted the instrument from a thief unaware of this fact.
Correct Answer:
Verified
Q34: Under the provisions of the UCC, in
Q35: One who is first obligated to pay
Q36: _ is a demand for payment or
Q37: Changing the amount of an instrument is
A)
Q38: The amount of a promissory note was
Q40: To be a holder in due course,
Q41: Parties to a negotiable instrument who have
Q42: Notice of dishonor must be given by
Q43: How does the Shelter Provision relate to
Q44: A holder who acts honestly and does
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