Which of the Following Is Not a Requirement for a Person

question 54

Multiple Choice

Which of the following is not a requirement for a person to be considered a holder in due course?

• A)The person must have exercised due diligence in determining whether there were certain claims or defenses against the instrument's payment.
• B)The person must have paid value for the instrument.
• C)The person acquired the instrument in good faith.
• D)The instrument cannot bear facial irregularities.

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Definitions:

Synaptic Level

Pertaining to the level of synapses, focusing on the interactions and communications between neurons at these connections.

Tranquilizers

Medications used to reduce tension or anxiety, often by depressing nervous system activity.

Alcohol

A psychoactive substance found in drinks such as beer, wine, and spirits that can alter consciousness and impair cognitive and psychomotor functions.

Voluntary Movement

Movement that is under conscious control, including actions like walking, talking, or picking up objects.