A Holder Cannot Qualify as a Holder in Due Course

question 70

Multiple Choice

A holder cannot qualify as a holder in due course if he or she has notice that the instrument contains an unauthorized signature or has been altered or that there is any adverse claim against or defense to its payment.This rule is commonly referred to as the ________ doctrine.

• A) promissory estoppel
• B) due diligence
• C) blue light
• D) red light
• E) learned intermediary

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Definitions:

Academic Progress

The measurement of how much a student has learned and improved in their knowledge and skills over a specific period in an educational setting.

Mandatory

Something that is required by law or rules; obligatory.

Principal

The head administrator of a school, responsible for overseeing the daily operations, staff, and well-being of students.

Noncustodial Parent

The parent who does not have legal physical custody of a child but may have visitation rights or pay child support.