The Advantage of a Holder in Due Course Over a Simple

question 58

Multiple Choice

The advantage of a holder in due course over a simple holder of an instrument is that the holder in due course can:

• A) indorse the instrument "without recourse," thus limiting his liability.
• B) transfer the instrument to others, thus using it as a substitute for money.
• C) collect on the instrument, even if it has been forged.
• D) collect on the instrument if the maker or drawer asserts a personal defense.
• E) collect punitive damages from a party who wrongly does not pay a negotiable instrument.

---

Definitions:

Dependent Variable

A variable in a scientific experiment that is affected by another variable, called the independent variable, and is measured or observed.

Independent Variable

A variable in an experiment or model that is manipulated or changed to observe its effect on a dependent variable.

SST

In the context of statistics, often short for Sum of Squares Total, representing the total variability of a dataset.

Estimated Regression Equation

A formula that predicts a dependent variable based on one or more independent variables.