If a Holder Learns of a Defense After Acquiring an Instrument

question 29

True/False

If a holder learns of a defense after acquiring an instrument, the knowledge works retroactively to destroy the holder's character as a holder in due course.

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Definitions:

Cohesion

The degree to which members of a group or unit feel connected and remain committed to staying together.

Behavioral Norms

Accepted behaviors within a society or group, which are considered normal or typical.

Work-Related Tensions

Stresses or conflicts arising from job demands, role expectations, or workplace relationships.

Upper Echelons

A theory suggesting that an organization is a reflection of its top executive's personal characteristics, values, and background.