Under the __________doctrine, the holder has taken so many instruments from its transferor or is so closely connected with the transferor that any knowledge the transferor has is deemed transferred to the holder, preventing holder in due course status.
A) constructive partnership
B) close-connection
C) symbiotic relationship
D) collaborative relationship

Question

Quizplus · Accepted Answer

This scenario describes the close-connection doctrine, where the holder is so closely connected with the transferor that any knowledge the transferor has is deemed transferred to the holder, preventing holder in due course status. The other choices do not accurately describe this situation.

Under the __________Doctrine, the Holder Has Taken So Many Instruments