The ________ Is a Doctrine That Says a Holder Who

question 62

Multiple Choice

The ________ is a doctrine that says 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 an instrument through a holder in due course.

• A) exclusionary rule
• B) acceleration clause
• C) shelter principle
• D) good faith principle

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Definitions:

Code

A system of principles or rules.

Restatement

The act of rephrasing or reiterating something, often for clarity, or in law, a document that systematically presents legal rules and principles.

Reasonable Means

Methods or actions that are considered sensible and appropriate under the circumstances, often used in the context of achieving a specific legal or procedural outcome.

Motorcycle

A two-wheeled motor vehicle that is often used for transportation, recreation, or sport.