Which of the Following Sections of the Uniform Commercial Code

question 66

Multiple Choice

Which of the following sections of the Uniform Commercial Code establishes the four requirements for becoming a holder in due course?

• A)1-202
• B)2-302
• C)2A-302
• D)3-302
• E)4-202

---

Definitions:

Right of Command

The authority given to a person or position to make decisions, issue orders, and expect them to be followed within an organizational hierarchy.

Relies

Depends on or trusts in someone or something for support, help, or maintenance.

Dependency

The state of relying on or being controlled by someone or something else for support, resources, or decision-making.

Authoritative Directions

Instructions or orders given by someone in a position of power that are expected to be followed without question.