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Which of the Following Must a Transferee Fulfill in Order

Question 27

Multiple Choice

Which of the following must a transferee fulfill in order to be a holder in due course?


A) Have a valid reason to question the instrument's authenticity
B) Be able to issue an enquiry into the face value of a negotiable instrument
C) Should not hold a negotiable instrument
D) Should accept that the instrument contains an unauthorized signature or has been altered
E) Should be able to question whether the instrument has been dishonored or not

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