A Purchaser Cannot Be a Holder in Due Course If

question 79

True/False

A purchaser cannot be a holder in due course if an instrument is acquired either after demand or at an unreasonable length of time after its issue.

---

Definitions:

Diagnosis

The method of identifying the disease or condition that accounts for an individual's symptoms and signs.

Diagnostic and Statistical Manual of Mental Disorders

A comprehensive classification system used by healthcare professionals to diagnose and classify mental disorders.

Psychological Disorders

A wide range of conditions that affect mood, thinking, and behavior, often causing significant distress or impairment in social, occupational, or other important areas of functioning.

Projective Tests

Psychological assessment tools designed to reveal hidden emotions and internal conflicts through a person's responses to ambiguous stimuli.