A holder does not include a person who is in possession of a negotiable instrument that is payable to bearer.
Correct Answer:
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Q7: Kenneth deposits three checks for $275, $150,
Q8: To be a "holder," one must actually
Q9: Otis, a holder in due course, buys
Q10: An executory promise may constitute the giving
Q11: Constructive notice through public filing or recording
Q14: Sue makes a note payable to the
Q15: Bill issues a negotiable promissory note to
Q16: A person who is not the owner
Q21: The "value" requirement of a holder in
Q32: A person who takes a check stamped
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