Under the UCC's ________ Requirement, a Person Cannot Qualify as an HDC

question 43

Multiple Choice

Under the UCC's ________ requirement, a person cannot qualify as an HDC if he or she has noticed that the instrument is overdue.

• A)no evidence of forgery, alteration, or irregularity
• B)taking in good faith
• C)taking without notice of defect
• D)taking for value

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Definitions:

Bundle

A group of products or services sold together, often at a reduced price compared to purchasing each item individually.

QBO

Stands for QuickBooks Online, a cloud-based accounting software designed for small and medium-sized businesses.

Credit Card

A payment card issued by banks that allows users to borrow funds to pay for goods and services, with the promise to pay back the borrowed amount plus interest.

QBO

An abbreviation for QuickBooks Online, a cloud-based accounting software designed for small to medium-sized businesses to manage sales, expenses, and account tracking.