A Holder Who Does Not Qualify as a Holder in Due

question 109

Multiple Choice

A holder who does not qualify as a holder in due course in his or her own right becomes a holder in due course if he or she acquires the instrument through a holder in due course.This is called the ________ principle.

• A) shelter
• B) habitation
• C) domiciliary
• D) residence
• E) necessity

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Definitions:

Sensorimotor

Pertaining to the combined processes of sensory perception and motor action.

Preoperational

A stage in Jean Piaget's theory of cognitive development where children from ages 2 to 7 engage in symbolic play and struggle with logic and taking the perspective of others.

Nonstage Theories

Cognitive development theories that argue against the idea of distinct, universal stages of cognitive growth, suggesting instead that development is a more continuous and fluid process.

Gradual Acquisition

The slow and steady process of learning or obtaining knowledge or skills over time.