Len Makes a Gift of a Check to Millie Who

question 41

Multiple Choice

Len makes a gift of a check to Millie who takes it in good faith and without notice of any claim, defense, or defect. With respect to this check, Millie is​

• A) ​an extraordinary holder in due course.
• B) ​an ordinary check passer.
• C) ​an ordinary holder.
• D) ​an ordinary holder in due course.

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Definitions:

Margin Of Error

An estimate of the amount by which an observed sample result may differ from the true value, providing a confidence interval for the estimation.

Statistic

A numerical characteristic or measure of a sample extracted from a larger population.

Student T Distributed

A probability distribution used in statistical analysis when the sample size is small and the population variance is unknown.

Randomly Selected

A method of selection that ensures each item or person has an equal chance of being chosen, aiming to eliminate bias.