Which of the Following Does Not Prevent a Holder from Being

question 44

Multiple Choice

Which of the following does not prevent a holder from being a holder in due course?

• A)Notice that the instrument has been dishonored.
• B)Notice that the instrument was issued as part of a series that is in default.
• C)Notice that the instrument has been altered or contains an unauthorized signature.
• D)Notice that an employee other than the treasurer of a company signed an instrument.
• E)Notice that the instrument is overdue.

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Definitions:

Tolman

An American psychologist best known for his work in cognitive behaviorism, proposing that cognitive processes such as expectations play a key role in learning.

Hat Store

A retail business specializing in the sale of headwear, offering various styles and types of hats.

Cognitive Explanation

An approach that seeks to understand behavior by examining mental processes, including perception, memory, thought, and problem-solving.

Conditioning

A process by which a response becomes more likely to occur or more strongly associated with a stimulus as a result of reinforcement.