A holder will be deemed to have notice if he or she has reason to know that a defect exists, given all the facts and circumstances known at the time.

Name: A holder will be deemed to have notice if he or she has reason to know that a defect exists, given all the facts and circumstances known at the time.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

In legal terms, "notice" can be actual or constructive, and having reason to know of a defect based on available facts and circumstances can constitute constructive notice.

A Holder Will Be Deemed to Have Notice If He