A Person Who Takes a Negotiable Instrument for Value, in Good

question 57

Multiple Choice

A person who takes a negotiable instrument for value, in good faith, and without notice that it is defective or overdue is referred to as a(n) ________.

• A) holder
• B) holder in due course
• C) unqualified indorser
• D) assignee

---

Definitions:

Formal Procedures

Established or prescribed methods for conducting activities or actions in a structured way.

Immediate Contexts

The direct environment or setting in which individuals find themselves, influencing behavior and perception on a daily level.

Analytic Intelligence

The ability to analyze, evaluate, judge, compare, and contrast information.

Adulthood

The period in human life when an individual is considered mature, typically involving responsibilities and independence.