A Person Who Is in Possession of a Negotiable Instrument

question 31

Multiple Choice

A person who is in possession of a negotiable instrument that is drawn, issued, or indorsed to him or to his order, or to bearer, or in blank is referred to as a(n) ________.

• A) holder
• B) holder in due course
• C) assignor
• D) assignee

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Definitions:

Cognitive Therapy

A type of psychotherapy that aims to change negative patterns of thought to improve mood and behavior.

Drug Therapy

The treatment of disease or symptoms with pharmaceutical drugs.

Neurotransmitter Activity

The biochemical process involving the synthesis, release, and breakdown of neurotransmitters, which play a crucial role in transmitting signals across nerve synapses.

Immigrant

A person who moves from one country to another with the intention of settling permanently in the new country.