Lindsey, an Accountant for Madison & Monroe, Acquires a Negotiable

question 66

Multiple Choice

Lindsey, an accountant for Madison & Monroe, acquires a negotiable instrument from Norma by promising to pay its face value in thirty days. Lindsey acquires the status of an HDC when she​

• A) ​acquires possession of the negotiable instrument.
• B) ​promises to pay the face value due on the instrument.
• C) ​pays the face value due on the instrument.
• D) ​transfers the instrument to another party.

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