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If a Holder Learns of a Defense After Acquiring an Instrument

question 29

True/False

If a holder learns of a defense after acquiring an instrument, the knowledge works retroactively to destroy the holder's character as a holder in due course.


Definitions:

Interpersonal Relationship

A strong, deep, or close association or acquaintance between two or more people that may range from brief to enduring.

Listening

The active process of receiving and understanding messages communicated by others, involving attention and interpretation.

Talking

The act of conveying thoughts, feelings, or information through verbal language.

Eye Contact

The act of looking directly into another person's eyes, which can communicate various emotions and intentions.

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