Which Statement Distinguishes the Rights of a Holder in Due

question 60

Multiple Choice

Which statement distinguishes the rights of a holder in due course from an assignee?

• A) Assignees do not have to give notice to the debtor.
• B) An assignee's right to collect is subject to the debtor's obligation to pay.
• C) The right of a holder in due course to collect depends on the original contract.
• D) Holders in due course may not look to prior endorsers to recover funds.

---

Definitions:

Federal Open Market Committee

The branch of the Federal Reserve System that is responsible for determining the direction of monetary policy, specifically by directing open market operations.

Monetary Policy

The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure stability and economic growth.

Discretion

The freedom to decide what should be done in a particular situation, often referring to judgment in professional and personal contexts.

Aggregate Demand

The complete need for every product and service within an economy at a specific overall price level during a certain time frame.