The Code provides that for checks,a reasonable time for demand for payment is sixty days,after which a purchaser should be on notice the paper is overdue for the purpose of becoming a holder in due course.
Correct Answer:
Verified
Q32: A person who takes a check stamped
Q33: Under the shelter rule,a person who is
Q34: A person other than the owner of
Q35: Revised Article 3 adopts a definition of
Q36: The shelter rule applies even if the
Q38: An indorsement must be written within 1
Q39: A mere holder or an assignee takes
Q40: A holder in due course has the
Q41: The customary manner of disclaiming the indorser's
Q42: A(n)_ indorsement is an indorsement made by
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