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To Be Found a Holder in Due Course, a Transferee

Question 216

Multiple Choice

To be found a holder in due course, a transferee must:


A) be in possession of an instrument in the form of either a draft or a check (but not a note) made out "to bearer "
B) have agreed in writing not to be bound as a contractual assignee
C) have given value for the negotiable instrument, taken it without knowledge of any defects and in good faith
D) provided a signed unconditional writing, promising (or ordering to pay) , at a specified time in the future and made out "to order" or "to bearer "
E) all of the other choices are required to be a holder in due course

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