A Holder Who Is Neither a Holder in Due Course

question 40

True/False

A holder who is neither a holder in due course nor a holder through a holder in due course is subject to every defense, just as though the instrument were not negotiable.

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Definitions:

Mississippi Legislature

The legislative body of the U.S. state of Mississippi, responsible for creating state laws and policies.

Trademark

Any word, name, symbol, or device used in business to identify and promote a product. Its counterpart for service industries is the service mark.

Copyright

A form of protection provided to the creators of original works in the areas of literature, music, drama, choreography, art, motion pictures, sound recordings, and architecture.

Patent

A grant of exclusive property rights on inventions through the U.S. and other governments.