Which of the Following Parties Will Recover in a Lawsuit

question 5

Multiple Choice

Which of the following parties will recover in a lawsuit if no defense is raised?

• A) only a holder in due course
• B) only a holder through a holder in due course
• C) only an ordinary holder
• D) any holder or assignee

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Definitions:

Writing

Refers to the act or process of marking coherent words onto a document or medium, often used in legal contexts to denote the physical manifestation of agreements, laws, or records.

Commercial Nature

Pertaining to or characterized by activities aimed at the exchange or buying and selling of goods and services.

Contracting Parties

The entities (individuals or companies) that enter into a contractual agreement, each undertaking specific obligations outlined within.

Courts Presume

The principle that courts assume certain facts to be true until proven otherwise, under specific legal doctrines or in the absence of evidence to the contrary.