A Payee Can Never Be Considered a Holder in Due

question 4

True/False

A payee can never be considered a holder in due course.

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Definitions:

Oedipus Complex

A psychoanalytic theory positing children's unconscious desire for the opposite-sex parent and jealousy towards the same-sex parent.

Oral Fixation

A concept in psychoanalytic theory that suggests an obsession with oral activities (eating, talking, smoking) stemming from issues in early development.

Reality Principle

The concept in psychoanalytic theory that the mind functions to mediate between the demands of the id and the realities of the external world.

Individualism

An outlook within society that upholds the importance of individual autonomy against the backdrop of communal or state intervention.