What Type of Notice Prevents a Holder from Being a Holder

question 8

Multiple Choice

What type of notice prevents a holder from being a holder in due course?

• A)Notice that the instrument is overdue.
• B)Notice that the instrument has been dishonored.
• C)Notice that the instrument was issued as part of a series that is in default.
• D)Notice that the instrument is overdue,notice that the instrument has been dishonored,or notice that the instrument was issued as part of a series that is in default.
• E)Notice that the instrument is overdue or notice that the instrument has been dishonored,but not notice that the instrument was issued as part of a series that is in default.

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Definitions:

External Costs

costs inflicted upon a third party when goods and services are produced and consumed.

Tradable Emissions Permits

Licenses to emit limited quantities of pollutants that can be bought and sold by polluters.

Pollution Permits

Licenses that allow entities to emit a specific amount of pollutants into the environment, often traded in markets.

Emissions Tax

A tax that depends on the amount of pollution a firm produces.