A(n) ____ has the same contract responsibilities as an assignee under a nonnegotiable instrument.

Question

Quizplus · Accepted Answer

A holder in due course, temporary holder, or regular holder typically relates to negotiable instruments and their specific rights or defenses under the Uniform Commercial Code (UCC). For a nonnegotiable instrument, these terms do not apply in the same way, as nonnegotiable instruments do not carry the same negotiability features or protections. Therefore, none of the provided options accurately describe an entity with the same contract responsibilities as an assignee under a nonnegotiable instrument.

A(n) ____ Has the Same Contract Responsibilities as an Assignee