Under the Red Light Doctrine a Person Cannot Become a Holder

question 12

True/False

Under the red light doctrine a person cannot become a holder in due course of an instrument if there is obvious evidence of an irregularity in the instrument.

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Definitions:

Mere Exposure Effect

The psychological phenomenon by which people tend to develop a preference for things merely because they are familiar with them.

Marriage

Marriage is a legally and socially sanctioned union between individuals that establishes rights and obligations between them and their children.

Bystander Effect

A concept in social psychology where the presence of others decreases a person's likelihood to offer assistance to a person in need.

Frustration-Aggression Principle

A psychological theory suggesting that frustration often leads to aggressive behavior.