A Holder Who Does Not Qualify as a Holder in Due

question 109

Multiple Choice

A holder who does not qualify as a holder in due course in his or her own right becomes a holder in due course if he or she acquires the instrument through a holder in due course.This is called the ________ principle.

• A) shelter
• B) habitation
• C) domiciliary
• D) residence
• E) necessity

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Definitions:

Demand Characteristics

Cues in an experimental environment that signal to participants how they are expected to behave, which can influence the results of the experiment.

Illusory Correlation

The occurrence where one perceives connections among variables (commonly individuals, occurrences, or actions) despite the lack of any actual link.

Experimenter Bias

A process where the scientists conducting an experiment influence the outcome due to subjective expectations or preferences.

Illusory Correlations

The phenomenon when people falsely perceive an association between two events or situations, primarily due to cognitive biases or statistical artifacts.