If a Lost Instrument Is Order Paper, the Finder __________

question 36

Multiple Choice

If a lost instrument is order paper, the finder __________.

• A) becomes the assignee of the instrument.
• B) becomes the owner of the instrument.
• C) becomes the holder of the instrument.
• D) does not become the holder of the instrument.

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Definitions:

Foreclosure

is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as the collateral for the loan.

Chapter 13

Refers to a type of bankruptcy process codified in the United States Bankruptcy Code, allowing for the repayment of some or all debt over time.

Occupational Safety

Practices and policies in place to ensure the health and safety of employees in the workplace.

Enforcement Branch

pertains to a segment of government or an organization with the responsibility to ensure laws, regulations, or rules are being followed.