A Taker of an Instrument Who Is a Holder in Due

question 31

Multiple Choice

A taker of an instrument who is a holder in due course at the time of the transfer, but who thereafter learns of a defense:

• A) becomes a holder through a holder in due course.
• B) becomes an ordinary holder.
• C) remains a holder in due course.
• D) becomes an assignee.

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Definitions:

Create

To bring something into existence or to produce something new through the process of invention or design.

Pictures Button

A user interface element that allows users to insert, manage, or modify images in a software application.

Content Placeholder

An area in a template or layout that is designated for specific types of content, such as text, images, or videos.

Picture

A visual representation or image captured by a camera, painted, or otherwise created, used for display or illustration purposes.