Which of the Following Situations Best Indicates That a Person

question 10

Multiple Choice

Which of the following situations best indicates that a person would not qualify as a holder in due course?

• A) Arranges to pay for the instrument at a later time.
• B) The person was notified that a prior indorser was discharged but in good faith.
• C) The person took the instrument in payment of a prior debt.
• D) The person accepted the instrument from a thief unaware of this fact.

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Definitions:

Social Facts

Aspects of social life that shape an individual's actions, such as norms, values, and beliefs, according to sociologist Émile Durkheim.

Political Beliefs

The convictions or opinions individuals hold about political issues, policies, and personalities.

Lumpenproletariat

A term used in Marxist theory to describe the underclass, excluded from the class structure of capitalist society, without access to the means of production.

Critical Distance

Critical distance involves maintaining an analytical perspective that allows for objective evaluation and critique of a subject, avoiding personal bias or emotional involvement.