Blythe,an accountant for Credits & Debits,acquires a negotiable instru?ment from Eton by promis?ing to pay its face value in thirty days.Blythe ac?quires the status of an HDC when she
A)acquires possession of the negotiable instrument.
B)agrees with Eton to buy the negotiable instrument.
C)pays the face value due on the instrument.
D)transfers the instrument to another party.

Question

Quizplus · Accepted Answer

Blythe becomes a holder in due course (HDC) when she pays the face value due on the instrument, as this fulfills the requirement of giving value for the instrument.

Blythe,an Accountant for Credits & Debits,acquires a Negotiable Instru?ment from Eton