A person can become an HDC only if a defense against payment is appar?ent on the face of the instrument.

Name: A person can become an HDC only if a defense against payment is appar?ent on the face of the instrument.
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Question

Quizplus · Accepted Answer

A person can become a holder in due course (HDC) if they take the instrument for value, in good faith, and without notice of any defect or defense against payment, not only if a defense is apparent on the face of the instrument.

A Person Can Become an HDC Only If a Defense