If a Document Containing an Exclusion Clause Is Not Signed,the

question 23

True/False

If a document containing an exclusion clause is not signed,the clause will not apply.

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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.