In Order to Become a Holder in Due Course,one Must

question 8

Multiple Choice

In order to become a holder in due course,one must take a negotiable instrument without notice of the following EXCEPT:

• A) that the instrument is overdue
• B) that the instrument has been dishonored
• C) that the instrument was signed by an agent
• D) that there was a claim to it by another person
• E) that there is a defense against it

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Definitions:

Annual Return

The percentage change in an investment's value over a one-year period, including dividends or interest.

Education Fund

A savings or investment account set up for the purpose of paying for educational expenses.

Total Value

The overall financial value of an entity or asset, calculated by summing all components of worth.

Lump Sum Payment

A large, one-time payment made for a particular purpose, rather than a series of smaller installments.