Which of the Following Is False Regarding the Elements a Party

question 53

Multiple Choice

Which of the following is false regarding the elements a party must meet in order to be considered a holder in due course?

• A) The party must be a holder of a complete and authentic negotiable instrument.
• B) The holder must take the instrument for value.
• C) The holder must take the instrument in good faith.
• D) The holder must take the instrument without notice of defects.
• E) The holder must either pay for the instrument or receive it as a gift.

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Definitions:

Librarian

A professional responsible for managing collections of books and other informational resources in libraries, facilitating access to information.

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