Solved

In Order to Become a Holder in Due Course, a Person

Question 35

Multiple Choice

In order to become a holder in due course, a person who takes a negotiable instrument must be a holder, and take the instrument:


A) without notice that the instrument contains an authorized signature.
B) with notice that it is overdue or has been dishonored.
C) with notice of any claim of a property or possessory interest in it.
D) without notice that any party has any defense against it or claim in recoupment to it.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents