If an instrument is acquired as part of a corporate purchase of assets,the holder will have the rights of an HDC.

Question

Quizplus · Accepted Answer

Instruments acquired as part of a corporate purchase of assets do not automatically grant the holder the rights of a Holder in Due Course (HDC). The holder must meet specific criteria, such as acquiring the instrument in good faith and without notice of any defects, to qualify as an HDC.

If an Instrument Is Acquired as Part of a Corporate