A(n)________ Is a Person Who Has Good Title to the Instrument,paid

question 15

Multiple Choice

A(n) ________ is a person who has good title to the instrument,paid value for it,acquired it in good faith,and had no notice of certain claims of defenses against payment.

• A)holder in due course
• B)beneficiary
• C)assignee
• D)assignor

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Definitions:

Corporate Sector

The part of an economy that is run by private individuals and companies, rather than the government, typically functioning within a framework of capitalist or market-driven principles.

Payroll Tax

Levies applied to employers or employees, most often calculated as a portion of the wages that employers disburse to their personnel.

Regressive

A term often used in taxation to describe a situation where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower earners.

Top Income Levels

Refers to the highest segment of earners in an economic distribution, often associated with a significant proportion of the total income of a society.