When Does a Forgery Prevent a Holder from Qualifying as a Holder

question 43

Multiple Choice

When does a forgery prevent a holder from qualifying as a holder in due course?

• A) never
• B) if there was apparent evidence of the forgery
• C) only if the forgery involved a signature
• D) only if the forgery involved the price of goods
• E) All forgeries prevent a holder from qualifying as a holder in due course.

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Definitions:

Sales Orientation

A business approach focusing on the promotion and selling of products, often prioritizing sales volume over customer satisfaction or product quality.

Exchange

An activity that occurs when a buyer and seller trade things of value so that each is better off as a result.

Marketing Concept Era

The Marketing Concept Era refers to the period in which businesses recognized the importance of understanding customer needs and wants to guide the production, promotion, and selling of their products and services.

Production Orientation

A business approach that prioritizes the efficiency of production processes and product features over potential market desires or consumer needs.