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The Purpose of the Shelter Principle and Holder-In-Due-Course Doctrine Is

Question 90

Multiple Choice

The purpose of the Shelter Principle and Holder-in-Due-Course doctrine is:


A) To protect financial intermediaries by restricting the marketability of instruments.
B) To encourage free-market capitalism through competition.
C) To help people devise new ways to achieve financial success.
D) To encourage the marketability of instruments and encourage financial intermediaries to engage in financial transactions.
E) To remove as many restraints as possible from the marketability of instruments in order to facilitate commerce.

Correct Answer:

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