Kris Transfers a Note, on Which Liu Is the Maker

question 2

Multiple Choice

Kris transfers a note, on which Liu is the maker, to Mia, who takes it for value and in good faith. Mia knows that Kris breached the contract underlying the note, giving Liu a defense against payment. With respect to this note, Mia is​

• A) ​a knowledgeable holder in due course.
• B) ​an ordinary holder.
• C) ​an ordinary holder in due course.
• D) ​an ordinary note taker.

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Definitions:

Feedback Loop

Allows the receiver to communicate with the sender and thereby informs the sender whether the message was received and decoded properly.

IMC Process

Integrated Marketing Communications Process is the practice of aligning a company's messaging across all marketing channels to provide a consistent and seamless customer experience.

Receiver

In communication, the individual or group that interprets and understands the message sent by the communicator or sender.

Aided Recall

Occurs when consumers recognize a name (e.g., of a brand) that has been presented to them.