In order to become a holder in due course,a person who takes a negotiable instrument must be a holder,and take the instrument:
A) without notice that the instrument contains an authorized signature.
B) with notice that it is overdue or has been dishonoured.
C) with notice of any claim of a property or possessory interest in it.
D) without notice that any party has any defense against it or claim in recoupment to it.
Correct Answer:
Verified
Q20: If an instrument is made payable to
Q21: Under the Revised Article 3,a check deposited
Q22: Which of the following statements is true
Q23: When the holder of an instrument has
Q24: With instruments payable at a definite time,Revised
Q26: A "claim in recoupment":
A)is a claim of
Q27: A holder in due course takes a
Q28: If a check drawn "Pay to the
Q29: An indorsement that contains the signature of
Q37: An instrument which reads "For deposit only"
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