Regardless of the Holder's Actions,she May Stipulate That She Will

question 17

True/False

Regardless of the holder's actions,she may stipulate that she will not acquire the rights of a holder in due course if she cannot qualify as a holder in due course.

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Definitions:

Intended Beneficiary

A person or entity for whom a contract is specifically made to benefit, having the legal right to enforce the contract if not fulfilled.

Assignable

The capability of a contract or other legal document to be transferred from one party to another.

Membership

The state or condition of being a member or part of an organization or group.

Public Policy

Principles and standards regarded by the legislative or judicial branches of government as being of fundamental concern to the state and its citizens.