Jill, in Good Faith and for Value, Gets from Kiley

question 48

Multiple Choice

Jill, in good faith and for value, gets from Kiley a negotiable bearer instrument. Jill does not know that Kiley stole the instrument. Jill is​

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

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Definitions:

Honest

Characterized by truthfulness and integrity in one’s actions and statements.

Blame

Attributing responsibility for a fault or wrong.

Feelings

Emotional states or reactions to internal or external events.

Rubber Stamps

Tools coated with ink to imprint designs, texts, or symbols on surfaces, often used for official or decorative purposes.