In Case in the Text Bank of America,N

question 72

Multiple Choice

In case in the text Bank of America,N.A.v.Inda,why did the court hold that the bank was the holder of the note despite the fact that it transferred the beneficial interest to another entity and was only acting as the servicer of the loan?

• A)The bank showed that it was a holder in due course.
• B)The bank showed that its successor had transferred the note back to it.
• C)The bank showed the chain of indorsements.
• D)The bank showed that the note was payable to it or in blank and that it remained in possession of the note.

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Definitions:

Sensory Systems

The parts of the body involved in the reception and processing of sensory information from the environment, enabling perception.

Colour-Blind

The inability to perceive differences between some of the colors that others can distinguish.

Vision

The ability to see or the faculty of sight; it can also refer to the capacity to envisage future developments and work towards them.

Information Processing

Involves the analysis and manipulation of incoming information by the brain, similar to how computers handle data.