Which of the Following Qualification Renders a Person as a Holder

question 7

Multiple Choice

Which of the following qualification renders a person as a holder in due course of a negotiable instrument?

• A)if he takes the negotiable instrument for value
• B)if he is subject to claims and defenses against the transferor
• C)if he is in possession of an instrument issued in his name
• D)if he is in possession of an instrument issued in another's name

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Definitions:

Consumer Price Index

An index measuring the change in the price of a weighted average market basket of consumer goods and services purchased by households.

Typical Urban Family

A typical urban family refers to an average or standard family living in an urban area, often used in studies to assess living conditions, expenses, and economic impacts in city environments.

Intermediate Goods

Goods used to produce other goods.

Consumer Price Index

A gauge that tracks the overall variation in prices urban consumers pay for a selection of consumer products and services over a period.