A person has taken an instrument ____________________ if he or she takes the instrument in payment of a prior debt.
Correct Answer:
Verified
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
Q46: Roberts issued a negotiable instrument to Blackmar
Q47: In what capacity is an accommodation party
Q48: What are the three requirements for a
Q49: A person who signs a negotiable instrument
Q50: A(n) _ is a legal reason offered
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