Which of the Following Qualifications Renders a Person a Holder

question 10

Multiple Choice

Which of the following qualifications renders a person a holder in due course of a negotiable instrument?

• A) he takes the negotiable instrument for value
• B) he is subject to claims and defenses against the transferor
• C) he is in possession of an instrument issued in his name
• D) he is in possession of an instrument issued in another's name

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Definitions:

Intellectual Growth

The development and enhancement of mental faculties and capabilities such as reasoning, understanding, and problem-solving.

Cognitive Development

Refers to the progressive and ongoing growth of perception, memory, imagination, and other mental functions as a person ages.

Pragmatics

The practical aspects of communication, such as adaptation of language to fit the social situation.

Egocentric

The tendency to view everything in relation to oneself, without considering the perspectives or feelings of others.