What Is the Effect on Susan's Status as a Holder

question 41

Multiple Choice

What is the effect on Susan's status as a holder in due course in taking the check from the customer that was four months old?

• A) There is no effect on her status as a holder in due course because an instrument such as a check is only considered overdue if it is outstanding for 150 days.
• B) There is no effect on her status as a holder in due course because an instrument is only considered overdue if it is outstanding for 180 days.
• C) There is no effect on her status as a holder in due course because an instrument is only considered overdue if it is outstanding for one year.
• D) It has no effect because a check is never considered overdue.
• E) She would not be considered a holder in due course because a check is considered overdue 90 days after its date.

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Definitions:

Happiness

A state of well-being characterized by emotions ranging from contentment to intense joy.

Nondifferential Misclassification

A type of measurement error in which the misclassification of an exposure or outcome does not vary between the study groups.

Differential Misclassification

A type of error in epidemiological studies where the misclassification of exposure or disease status differs between groups.

Case-Control Study

A study layout where two sets are identified based on different outcomes and analyzed to discover a causative element.