Which of the Following Is False with Regard to a "Holder

question 138

Multiple Choice

Which of the following is false with regard to a "holder in due course"?

• A) A holder in due course cannot be an immediate party.
• B) A holder in due course is in a better position to be paid by the drawer or maker of the instrument than is an immediate holder, because there are fewer defences against her claim for payment.
• C) A person cannot be a holder in due course if she knew the instrument had been obtained by the payee by fraud.
• D) A person cannot be a holder in due course if she acquired the instrument in bad faith;e.g., she tricked the person into giving her the cheque.
• E) A holder in due course is the same as the "drawee" or "acceptor."

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