Can the Payee of a Negotiable Instrument Be a Holder

question 50

Multiple Choice

Can the payee of a negotiable instrument be a holder in due course?

• A) Yes; the payee is always a holder in due course.
• B) Yes; for notes but not for drafts.
• C) No; not under any circumstances.
• D) Usually not,because the payee is usually aware of defenses or irregularities.

---

Definitions:

Brief Span

A short period of time, often used to highlight the fleeting nature of events or experiences.

Completed Suicide Rate

A statistical measure reflecting the number of deaths due to suicide per unit of population over a specific time period.

Males

Refers to the biological sex that produces spermatozoa for reproduction, typically characterized by XY chromosomes in humans.

Females

Typically refers to individuals of the human species who are biologically characterized by two X chromosomes, but the term is also relevant in understanding gender as a social construct.