A Person Cannot Be a Holder in Due Course of a Negotiable

question 2

True/False

A person cannot be a holder in due course of a negotiable instrument if,when she takes it,the instrument is irregular or some important or material term is blank.

---

Definitions:

Purchaser

An individual or organization that buys goods or services for personal use or for further processing or manufacturing.

Culture

The set of values, ideas, and attitudes that are learned and shared among the members of a group.

Values

Core beliefs or principles that guide an individual's or organization's actions and decision-making processes.

Attitudes

A settled way of thinking or feeling about something, reflecting an individual’s views or opinions.