Which of the Following Would Prevent the Holder of an Instrument

question 38

Multiple Choice

Which of the following would prevent the holder of an instrument from asserting holder in due course status?

• A)An executory promise as value.
• B)Knowledge that the instrument is overdue.
• C)Being the payee on a check.
• D)Two of the above, (a) and (b).

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Definitions:

Weekly Salaries

The amount of money or compensation given to employees based on a weekly timeframe for services rendered.

Boxplot

A graphical representation used in descriptive statistics that displays the distribution of data based on a five number summary: minimum, first quartile, median, third quartile, and maximum.

Summary Statistics

Numerical values calculated from a dataset, intended to provide information about the characteristics of the data.

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Quantitative indicators or metrics used to assess, compare, or track performance or progress.