Which of the Following Is Not Required in Order for Someone

question 10

Multiple Choice

Which of the following is not required in order for someone to be a holder in due course of a negotiable instrument?

• A) taking the instrument directly from the maker or drawer
• B) taking the instrument in good faith
• C) taking the instrument without notice of any defenses
• D) taking the instrument for value

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Definitions:

Pay Secrecy

Policies or practices that discourage or prohibit employees from discussing their compensation with coworkers.

Unionized Firms

Companies where a majority of the workforce is a member of a labor union, which represents the employees in negotiations with the employer.

Psychological Contracts

The unwritten set of expectations between an employer and an employee regarding mutual obligations.

Formal Procedures

Standardized methods and processes established by an organization to conduct its operations.