Vicenzo, in Good Faith and for Value, Gets from Wren

question 21

Multiple Choice

Vicenzo, in good faith and for value, gets from Wren a check "payable to the order of bearer." Vicenzo does not know that Wren stole the check. Vicenzo is​

• A) ​an HDC.
• B) ​not an HDC, because Wren did not acquire the check for value.
• C) ​not an HDC, because Wren did not acquire the check in good faith.
• D) ​not an HDC, because the check is a bearer instrument.

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Definitions:

Share Value

The price at which a particular share of stock is traded on the market, determined by supply and demand.

Ex-dividend Date

The date on which a stock trades without its dividend, meaning that the seller is entitled to the dividend, not the buyer.

Regular Cash Dividend

A payment made by a company to its shareholders, usually in the form of cash, out of its profits or reserves on a regular basis, such as quarterly or annually.

Stock Price

The cost of purchasing a share of a company's stock, representing partial ownership in the company.