What Is the Effect on Susan's Status as a Holder

question 41

Multiple Choice

What is the effect on Susan's status as a holder in due course in taking the check from the customer that was four months old?

• A) There is no effect on her status as a holder in due course because an instrument such as a check is only considered overdue if it is outstanding for 150 days.
• B) There is no effect on her status as a holder in due course because an instrument is only considered overdue if it is outstanding for 180 days.
• C) There is no effect on her status as a holder in due course because an instrument is only considered overdue if it is outstanding for one year.
• D) It has no effect because a check is never considered overdue.
• E) She would not be considered a holder in due course because a check is considered overdue 90 days after its date.

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Definitions:

Core Self-Evaluations

Personal assessments that involve one's fundamental appraisal of their own abilities, competency, and self-worth.

Self-Esteem

An individual's subjective evaluation of their own worth or value.

General Self-Efficacy

An individual’s belief in their ability to accomplish tasks and succeed in various situations.

Internal Locus

The belief that one has control over their own life and outcomes, as opposed to external forces determining their path.