A Holder in Due Course, as Defined by the UCC

question 1

Multiple Choice

A holder in due course, as defined by the UCC, includes which of the following? A holder in due course:

• A) must have given a "just price" as consideration for the document or instrument.
• B) must be unrelated to the original document holder.
• C) must have taken the instrument for value and without notice it is overdue or has been dishonored.
• D) A and C only.
• E) none of the above.

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Definitions:

Undergo Counseling

The process of receiving professional guidance and therapy to address emotional, psychological, or behavioral issues.

Marital Rapes

Acts of non-consensual sex committed by a spouse against the other spouse.

Physical Violence

Acts of physical force intended to harm or intimidate another person.

Drugs or Alcohol

Substances that can alter perception, consciousness, and behavior when consumed.