A Holder in Due Course,as Defined by the UCC,includes Which

question 38

Multiple Choice

A holder in due course,as defined by the UCC,includes which of the following? A holder in due course:

• A) Must have given a "just price" as consideration for the document or instrument.
• B) Must be unrelated to the original document holder.
• C) Must have taken the instrument for value and without notice it is overdue or has been dishonored.
• D) A and C only.
• E) None of the above.

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Definitions:

Spatial Cognition

The ability to process information about the locations and attributes of objects in space.

Representing Space

The process or method by which spatial relationships and environments are described or depicted, as in maps, models, or visual arts.

Navigating

The act of planning and directing the course of a journey, using various tools and skills to reach a desired destination.

Reasoning

The action of thinking about something in a logical, sensible way to form a conclusion or judgment.