Which of the Following Must a Transferee Fulfill in Order

question 2

Multiple Choice

Which of the following must a transferee fulfill in order to be a holder in due course?

• A) Have a valid reason to question the instrument's authenticity
• B) Be able to issue an enquiry into the face value of a negotiable instrument
• C) Should not hold a negotiable instrument
• D) Should accept that the instrument contains an unauthorized signature or has been altered
• E) Should be able to question whether the instrument has been dishonored or not

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Definitions:

Neuroticism

A personality trait characterized by sadness, moodiness, and emotional instability.

High in Self-monitoring

Describes individuals who are highly attentive and responsive to social cues and adjust their behavior accordingly.

Stubborn

Stubborn describes someone who is unwilling to change their opinion or course of action despite attempts to persuade them to do so.

Personality-relevant Terms

Concepts, words, or phrases that are used to describe or relate to aspects of a person's character or personal identity.