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Payees Generally Do Not Meet the Requirements for Being a Holder

question 96

True/False

Payees generally do not meet the requirements for being a holder in due course,because they know about any claims or defenses against the instrument.


Definitions:

Sarbanes-Oxley Act

A U.S. law enacted in 2002 to protect investors by improving the accuracy and reliability of corporate disclosures.

Business Ethics

Principles and standards that determine acceptable conduct in business.

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