A Person Cannot Be a Holder in Due Course of a Negotiable

question 2

True/False

A person cannot be a holder in due course of a negotiable instrument if,when she takes it,the instrument is irregular or some important or material term is blank.

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Definitions:

Chain Gangs

Groups of prisoners chained together to perform menial or physically challenging work as a form of punishment.

United States Marines

A division of the U.S. Military tasked with delivering swift power projection through the mobility offered by the U.S. Navy, enabling the rapid deployment of combined-arms task forces.

Haiti

A country in the Caribbean on the island of Hispaniola, notable for its rich culture, history of slavery, and being the site of the first successful slave rebellion that led to independence.

Stock Market

A public entity for the trading of company stocks and other securities, a key component of the global financial system.