Any Person Who Can Trace His Title to an Instrument

question 39

Multiple Choice

Any person who can trace his title to an instrument back to a holder in due course receives rights similar to a holder in due course even if he cannot meet the requirements himself. This is known as the _____.

• A) shelter rule
• B) holder in due course rule
• C) Federal Trade Commission rule
• D) irregular paper law

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Definitions:

Occupy Wall Street

A social movement that began in 2011, aimed at highlighting economic inequality and the influence of corporate money in U.S. politics.

Labour Legislation

Laws and regulations governing the rights and duties of workers, employers, and trade unions, aimed at establishing fair workplaces.

Pay Equity

A principle that emphasizes equal salary for jobs of equal value within an organization, aiming to eliminate discrimination based on gender, race, or other unrelated job performance factors.

Executive Bonuses

Additional compensation given to executives, often tied to performance metrics, company profitability, or achievement of specific targets.