To Be Found a Holder in Due Course, a Transferee

question 30

Multiple Choice

To be found a holder in due course, a transferee must:

• A) be in possession of an instrument in the form of either a draft or a check (but not a note) made out "to bearer "
• B) have agreed in writing not to be bound as a contractual assignee
• C) simply be in possession of a negotiable instrument
• D) provided a signed unconditional writing, promising (or ordering to pay), at a specified time in the future and made out "to order" or "to bearer "
• E) none of the other choices

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Definitions:

DINT Signal Path

Refers to a Double Integer signal path, commonly used in industrial control systems for transmitting or processing 32-bit integer data.

Feedback Loop

A system structure that feeds back the output into the input to control the operation or response of a system.

Data Latching

A technique used to read the value of the input data that will be operated on by the instructions with a function block.

Credit Risk

The possibility of a loss resulting from a borrower's failure to repay a loan or meet contractual obligations.