To acquire the preferential rights of a holder in due course, a person either must meet the requirements of the UCC or must inherit the rights under the shelter rule.
Correct Answer:
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Q32: An indorsement must be written on the
Q33: A person can be a holder if:
A)
Q34: An indorsement "Pay Alice Adams" is an
Q35: The shelter rule did not exist at
Q36: Horst, a holder in due course, buys
Q38: An executory promise, which is valid consideration
Q39: An indorsement "Pay to Jones Construction Company
Q40: A "without recourse" indorsement eliminates all of
Q41: The transfer of a negotiable instrument in
Q42: Carmen needs quick cash, so she thinks
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