A holder cannot take an instrument for value by performing the promise for which the instrument was issued.
Correct Answer:
Verified
Q4: A purchaser who takes a check that
Q5: The drawee who signs a draft or
Q7: A person who in good faith acquires
Q8: If an instrument is incomplete when the
Q10: If a note is payable in thirty
Q11: To be a holder,a person is required
Q20: An instrument is not defective simply because
Q27: The good faith requirement applies to both
Q36: A holder takes an instrument for value
Q37: Primary liability is unconditional.
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