Jen Makes a Gift of a Check to Kilroy Who

question 37

Multiple Choice

Jen makes a gift of a check to Kilroy who takes it in good faith and without notice of any claim,defense,or defect.With respect to this check,Kilroy is

• A)an extraordinary holder in due course.
• B)an ordinary check passer.
• C)an ordinary holder.
• D)an ordinary holder in due course.

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Definitions:

Independent Events

Two or more events whose outcomes do not affect each other.

P(A ∪ B)

Represents the probability of the occurrence of at least one of two events A or B.

Mutually Exclusive

Two events that cannot occur at the same time, meaning the occurrence of one event precludes the other.

Probability

Probability is a measure of the likelihood that an event will occur, quantified as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.