A Holder in Due Course Takes the Instrument Free of All

question 3

Multiple Choice

A holder in due course takes the instrument free of all:

• A) defenses and claims to the instrument.
• B) defenses and claims to the instrument except those which concern its validity.
• C) defenses and claims to the instrument except those which concern its negotiability.
• D) defenses and claims to the instrument including defenses of duress or infancy.

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Definitions:

Probability

A measure quantifying the likelihood that an event will occur, expressed as a number between 0 and 1, where 1 indicates certainty.

Computer Printers

Devices connected to computers or networks that transfer electronic documents onto paper or other physical media.

Defective

Refers to a product, item, or component that fails to meet the quality standards or has faults, rendering it unfit for its intended purpose.

Probability

A measure of how likely it is that some event will occur; a number between 0 and 1.