A Holder in Due Course Takes an Instrument Free of Which

question 11

Multiple Choice

A holder in due course takes an instrument free of which defenses?

• A) personal only
• B) real only
• C) free of all defenses
• D) free of no defenses
• E) legal defenses

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Definitions:

Socialization

The process by which individuals learn and adopt the norms, values, behavior, and social skills appropriate to their society.

Assimilation

The process by which individuals or groups adopt the culture, customs, and attitudes of another group, losing their original identity.

Residentially Mobile

Refers to individuals or populations that frequently relocate from one dwelling place or community to another.

Collectivistic

A social pattern that emphasizes interdependence and the priorities of the group over individual achievements.