A Person Who Takes a Negotiable Instrument for Value, in Good

question 57

Multiple Choice

A person who takes a negotiable instrument for value, in good faith, and without notice that it is defective or overdue is referred to as a(n) ________.

• A) holder
• B) holder in due course
• C) unqualified indorser
• D) assignee

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Definitions:

Task Difficulty

The level of challenge associated with completing a particular task, which can vary based on skills, resources, and other factors.

Causal Explanations

The reasons given or inferred for the occurrence of certain events, focusing on cause-and-effect relationships.

Others' Behaviors

Pertains to the actions or conduct of people other than oneself, often considered in the context of their effects or implications.

Internal Attributions

These refer to the inference that a person's behavior is due to something intrinsic to them, such as their personality, attitude, or effort.