Which of the Following Describes the Shelter Principle

question 24

Multiple Choice

Which of the following describes the shelter principle?

• A) In order to receive the benefits of a holder in due course status,all holders must qualify as holders in due course.
• B) Anyone who does not meet holder in due course requirements can obtain the same rights as a holder in due course through the shelter principle.
• C) The shelter principle gives additional special rights to only those who qualify as a holder in due course.
• D) One who takes an instrument from a holder in due course can often obtain the rights of a holder in due course,even if that transferee does not meet the requirements of a holder in due course.

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Definitions:

Work Simplification

The process of increasing efficiency by reducing the complexity of tasks and processes, often involving the elimination of unnecessary steps.

Multitasking Skills

The ability to handle more than one task at a time efficiently and effectively.

Horizontally Enlarges

An approach to job design where tasks of similar complexity are added to an employee's role to broaden the variety of activities.

Person-job Fit Model

A framework in human resource management that emphasizes matching individuals' abilities and preferences with the requirements and rewards of a job.