During the War, Benjamin Franklin's Son, William

question 62

Multiple Choice

During the war, Benjamin Franklin's son, William:

• A) was a prominent American general
• B) served as minister to France
• C) stayed loyal to Britain
• D) deserted from the Continental army
• E) earned his father's admiration

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Definitions:

HDC Status

Stands for "Holder in Due Course" status, a legal term indicating a party has acquired a negotiable instrument in good faith and without notice of any defect.

Good Faith

The honest intent to act without taking an unfair advantage over another party, characterized by honesty and fairness in dealings.

Transferor

An individual or entity that transfers rights, ownership, or interests in assets to another party.

HDC (Holder in Due Course)

A legal term referring to someone who has acquired a negotiable instrument in good faith for value and without notice of any defect.