According to the Uniform Commercial Code,if the Buyer of Overdue

question 37

Multiple Choice

According to the Uniform Commercial Code,if the buyer of overdue negotiable paper did not have notice or knowledge that it was overdue,he or she could be a:

• A) drawer for acceptance.
• B) bona fide acceptor.
• C) holder in due course.
• D) proprietor in due course.

---

Definitions:

Defamation

The act of communicating false statements about a person that injure the reputation of that person.

Slander

A form of defamation manifested through spoken words, gestures, or other transient forms, damaging a person's reputation.

Identifying Characteristic

A unique or distinctive feature that helps to distinguish a person, object, or concept from others.

Appropriation

The act of taking something for one's own use, typically without the owner's permission.