To Have the Status of a Holder in Due Course

question 36

True/False

To have the status of a holder in due course, a person must first be a holder.

---

Definitions:

Sympathetic

Pertaining to the sympathetic nervous system, which activates the body’s fight or flight response under stress.

Parasympathetic

A division of the autonomic nervous system responsible for conserving energy and bringing the body to a state of rest.

Gray Matter

The part of the brain that contains most of the brain's neuronal cell bodies and is involved in sensory perception, emotion, speech, decision making, and self-control.

White Matter

A component of the central nervous system consisting of glial cells and myelinated axons that facilitates communication between different brain regions.