Which of the Following Requirements Is Necessary to Be a Holder

question 208

Multiple Choice

Which of the following requirements is necessary to be a holder in due course:

• A) the transferee must give value for the negotiable instrument
• B) the transferee must take the instrument without knowledge that it is overdue or defective
• C) the transferee must take the instrument in good faith
• D) all of the other specific choices are necessary
• E) none of the other specific choices are necessary

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Definitions:

Manager

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Bar Chart

A graphical display of data using bars of different lengths to represent values.