Which Position Offers the Most Security: Being a Holder in Due

question 15

Multiple Choice

Which position offers the most security: being a holder in due course of a cheque or an assignee under an assignment of a debt,and why?

• A) the holder in due course because he or she are aware in advance of any issues between the drawer of the cheque and the payee
• B) a holder in due course because he or she can enforce the cheque regardless of any issues between the drawer and payee
• C) an assignee because the assignee steps into the shoes of the assignor
• D) an assignee because the assignee can enforce the assignment regardless of any issues between the assignor and debtor

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Definitions:

Monopolist

A sole provider of a good or service in a market, having significant control over prices and market conditions.

Demand Curve

A chart illustrating the correlation between a product's price and the amount consumers want to buy.

Total Revenue

The total amount of money generated by a business from selling goods or services.

Marginal Revenue

The additional revenue that a firm receives from selling one extra unit of a good or service, often used in decision-making about production levels.