__________ sets out a series of conditions required to obtain Holder in Due Course (HDC) status.
A) Article 1 of the Uniform Commercial Code
B) Article 2 of the Uniform Commercial Code
C) Article 3 of the Uniform Commercial Code
D) Article 4 of the Uniform Commercial Code

Question

Quizplus · Accepted Answer

Article 3 of the Uniform Commercial Code (UCC) deals with negotiable instruments and outlines the requirements for becoming a Holder in Due Course (HDC), including taking the instrument for value, in good faith, and without notice of any claims or defenses against it.

__________ Sets Out a Series of Conditions Required to Obtain