The holder of a negotiable instrument is a holder in due course (HDC) if the holder has taken the instrument __________; in good faith; and without notice of it being overdue, fraudulent, or subject to claim by another party.
A) for free
B) for value
C) for no charge
D) All of the choices are correct.
Correct Answer:
Verified
Q14: If the instrument is in _ form,
Q15: A negotiable instrument may only be transferred
Q16: Legislatures and courts have recognized _ transfers
Q17: Article 3 admits _ to prove an
Q18: _ sets out a series of conditions
Q20: If the instrument is _, the holder
Q21: One who _ a negotiable instrument has
Q22: Article 3 of the UCC sets a
Q23: Article 3 of the UCC provides a
Q24: Article 3 uses the word reasonable to
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