A Holder Through a Holder in Due Course

question 33

Multiple Choice

A holder through a holder in due course:

• A) has greater rights than a holder in due course.
• B) has fewer rights than a holder in due course.
• C) has the same rights as a holder in due course.
• D) must meet the requirements for becoming a holder in due course in order to achieve holder in due course status.

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Definitions:

Purchases Journal

A record of all credit purchases made by a business, used to track and manage inventory acquisition.

Beverage Supplies

Items and ingredients used in the preparation and sale of drinks, often accounted for in businesses that serve food and drink.

Food Supplies

Items necessary for the production and provision of food services, including raw ingredients, pre-packaged commodities, and other essential food items.

Retail Items

Products that are purchased by consumers for personal use, usually sold in retail stores or through online platforms.