When an Instrument Is Transferred, an Ordinary Holder Obtains Only

question 42

True/False

When an instrument is transferred, an ordinary holder obtains only those rights that the transferor had in the instrument but is free of most of the defenses and claims that could be asserted against the transferor.

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Definitions:

Need for Achievement

Need for Achievement is a psychological trait that drives individuals to pursue and attain goals that they perceive as challenging and worthwhile.

Difficult Challenges

Difficult challenges refer to tasks or situations that are hard to overcome due to their complexity or intensity.

Behavioural Component

The aspect of attitude that involves the way one behaves towards an object or subject.

Cognitive Component

The element of attitude that involves beliefs, thoughts, and attributes that we associate with an object.