In Order to Become a Holder in Due Course,one Must

question 57

Multiple Choice

In order to become a holder in due course,one must take a negotiable instrument without notice of the following except:

• A) that the instrument is overdue.
• B) that the instrument has been dishonored.
• C) that the instrument was signed by an agent.
• D) that there was a claim to it by another person.
• E) that there is a defense against it.

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Definitions:

Pay Grade

A step or level within an organization's pay structure that determines the range of pay rates for employees based on the complexity, responsibility, and skills needed for their jobs.

Midpoint

In human resources, it often refers to the middle value in a salary range for a particular position, serving as a benchmark for compensation levels.

Compensation Management

The systematic approach to managing and determining employees' wages, salaries, benefits, and incentives.

Conflicting Objectives

Situations where two or more goals are at odds, making it challenging to achieve both simultaneously.