In General,the Alteration of a Completed Negotiable Instrument

question 29

Multiple Choice

In general,the alteration of a completed negotiable instrument:

• A)is a complete defense against a holder in due course.
• B)is no defense whatsoever against a holder in due course.
• C)means that a holder in due course can enforce the instrument against the maker,but only according to its original tenor.
• D)means that a holder in due course can enforce the instrument as modified.

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Definitions:

Licensee

An individual or entity that has been granted the right to use, operate under, or engage in activities protected by another's intellectual property rights.

Trespassers

Individuals who enter or remain on a property without the permission or legal right to do so.

Possessor's Consent

Approval legal definied by the owner or holder of property for another party to use or occupy that property.

Personal Injury

Physical or psychological harm to a person resulting from someone else's negligence, intentional actions, or strict liability.