Even If a Holder Is Aware That an Instrument He

question 23

True/False

Even if a holder is aware that an instrument he or she is taking has been dishonored,the holder can still become a holder in due course by paying value for the instrument.

---

Definitions:

Favorable

A term usually used in finance and accounting to describe results that are better than anticipated or that result in a benefit.

Standard Direct Materials Costs

The budgeted or standard cost of the raw materials required to produce a unit of product.

Standard Price

A predetermined cost that companies use to budget and evaluate the performance of actual costs.

Standard Quantity

The established amount of materials or inputs expected to be used in the production of a good or service.