Which of the following is false with regard to a "holder in due course"?
A) A holder in due course cannot be an immediate party.
B) A holder in due course is in a better position to be paid by the drawer or maker of the instrument than is an immediate holder, because there are fewer defences against her claim for payment.
C) A person cannot be a holder in due course if she knew the instrument had been obtained by the payee by fraud.
D) A person cannot be a holder in due course if she acquired the instrument in bad faith;e.g., she tricked the person into giving her the cheque.
E) A holder in due course is the same as the "drawee" or "acceptor."
Correct Answer:
Verified
Q32: In Hunter Engineering Co. v. Syncrude Canada
Q42: The Bankruptcy and Insolvency Act allows a
Q44: Which of the following is a statement
Q45: Vanderhoort contacted Prinz to buy a new
Q46: Mr.Olde died.Mrs.Olde was treated by a psychiatrist
Q48: The mission of _ is to foster
Q49: Read the following statements with regard to
Q50: In Dansway International Transport Ltd.v.Lesway and Sons
Q51: Rick has just been told that he
Q52: Which of the following is a statement
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents