In some circumstances, Article 3 allows a person to become a holder by negotiation, even though the transfer of possession is involuntary.

Question

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According to Article 3 of the Uniform Commercial Code (UCC), a person can become a holder by negotiation even if the transfer of possession is involuntary, as long as certain other requirements are met. This can include situations such as theft or robbery, where the original owner did not willingly transfer possession of the instrument.

In Some Circumstances, Article 3 Allows a Person to Become