A Taker of an Instrument Who Is a Holder in Due

question 31

Multiple Choice

A taker of an instrument who is a holder in due course at the time of the transfer, but who thereafter learns of a defense:

• A) becomes a holder through a holder in due course.
• B) becomes an ordinary holder.
• C) remains a holder in due course.
• D) becomes an assignee.

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Definitions:

Dermis

The thick layer of living tissue below the epidermis that forms the true skin, containing sweat glands, hair follicles, and connective tissue.

Stratum Basale

The deepest layer of the epidermis, consisting of basal cells that continuously divide and produce new skin cells.

Melanocytes

Cells located in the bottom layer of the skin's epidermis that produce melanin, the pigment responsible for skin color.

Cuboidal Cells

Epithelial cells with a cube-like shape, often found lining glands and ducts.