A(n)________ is a person who has good title to the instrument,paid value for it,acquired it in good faith,and had no notice of certain claims of defenses against payment.
A)holder in due course
B)beneficiary
C)assignee
D)assignor

Question

Quizplus · Accepted Answer

Basically,a holder in due course is a person who has good title to the instrument,paid value for it,acquired it in good faith,and had no notice of certain claims or defenses against payment.In addition,the instrument cannot bear facial irregularities (evidence of forgery or alteration or questions concerning its authenticity).

A(n)________ Is a Person Who Has Good Title to the Instrument,paid