If the instrument is __________, the holder cannot meet the requirements for Holder in Due Course status.
A) an implication
B) a gift
C) free
D) None of the choices are correct.

Name: If the instrument is __________, the holder cannot meet the requirements for Holder in Due Course status. A) an implication B) a gift C) free D) None of the choices are correct.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A gift does not involve consideration, which is a requirement for Holder in Due Course status.

If the Instrument Is __________, the Holder Cannot Meet the Requirements