A Holder Is a Person in Possession of a Negotiable

question 37

True/False

A holder is a person in possession of a negotiable instrument regardless of whether it has been properly indorsed to him or to his order.

---

Definitions:

Puzzle Box

An experimental device used in animal learning experiments, requiring the animal to perform a specific task, such as pulling a lever, to escape or obtain food.

Law Of Effect

A principle in psychology stating that behaviors followed by positive outcomes tend to be repeated, whereas behaviors followed by negative outcomes are less likely to be repeated.

Temporal Relationship

The relational concept that denotes the timing and sequence of events or variables as they occur over time.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with the unconditioned stimulus, eventually comes to trigger a conditioned response.