A Party Cannot Be a Holder in Due Course of a Non-Negotiable

question 20

True/False

A party cannot be a holder in due course of a non-negotiable instrument.

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Definitions:

Equity Theory

A theory that suggests individuals assess the fairness of their work outcomes in relation to their inputs compared to others.

Inequity

A lack of fairness or justice in situations, often related to the distribution of resources, opportunities, and treatment of individuals.

Equity Theory Model

A theory that suggests individuals are motivated by a sense of fairness in their interactions and that they compare their own ratio of efforts and rewards with that of others.

Comparison Other

A reference point in social comparison theory, where individuals evaluate themselves in relation to others to assess accomplishments, abilities, or status.