A Holder in Due Course of a Negotiable Instrument

question 51

Multiple Choice

A holder in due course of a negotiable instrument:

• A)can receive more rights than the previous holders.
• B)cannot transfer greater rights than they have themselves.
• C)can take an instrument even when it is not indorsed to him or her.
• D)is a person to whom the instrument is transferred as a gift.

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Definitions:

Morphemes

The smallest units of language that have meaning or grammatical function, such as prefixes, suffixes, and root words.

Semantics

The meaning or the study of meaning derived from morphemes, words, and sentences.

Phonemes

The smallest units of sound in a language that can distinguish one word from another.

Russian Language

A Slavic language with a Cyrillic alphabet, spoken primarily in Russia and recognized as one of the six official languages of the United Nations.