What Is the Effect of Susan Receiving Notice the Day

question 66

Multiple Choice

What is the effect of Susan receiving notice the day after she cashed the check for Bob that the check had been stolen?

• A) The notice has no effect on her status as holder in due course because it was provided after she cashed the check.
• B) The notice prevents her from being a holder in due course.
• C) The notice prevents her from being a holder in due course only if Bob had been convicted of check cashing offenses in the past since she should have checked his criminal record.
• D) The notice prevents her from being a holder in due course only if she subjectively knew that Bob had been charged criminally with check cashing violations in the past.
• E) The notice prevents her from being a holder in due course because it was presented to a business; only individuals can avoid the effect of notice of theft by cashing a check prior to receiving notice.

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Definitions:

Big Five

A model that outlines five major dimensions of human personality: Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Trait-Related Words

Vocabulary associated with or describing characteristic patterns of behavior, thought, and emotion identifiable in individuals.

Tightness

The characteristic of a culture or group that maintains strict norms and a low tolerance for deviant behavior.

Collectivism

Collectivism is a cultural value that emphasizes the importance of groups and collective actions, prioritizing group goals over individual desires or needs.