Which of the following statements is not true in relation to a 'holder in due course' in relation to a cheque?
A) They take the cheque 'subject to defects in title' and may not succeed in enforcing payment if it is not paid.
B) They must have provided valuable consideration in return for the cheque.
C) They are entitled to payment even if the cheque is subject to 'defects in title'.
D) They have the right to sue on and enforce the cheque if it is not paid.
Correct Answer:
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