The shelter principle promotes the marketability of instruments by permitting a holder with notice of a claim or defense to attain HDC status by reacquiring the instrument from a later HDC.
Correct Answer:
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Q1: If a check is made "payable to
Q10: A holder who takes a negotiable instrument
Q18: Only the payee's bank can acquire the
Q23: In the event that there is a
Q24: In terms of requirements for holder-in-due-course (HDC)
Q24: Karen writes on a piece of paper,"I
Q25: Every party who signs a negotiable instrument
Q28: Jane signs an instrument using a "J"
Q29: A difference between the handwriting in the
Q34: If an instrument is acquired as part
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