Business Class 18. To be a Holder in Due Course (HDC), a transferee must take the instrument: a. for value; b. in good faith; c. without notice of a defect in or defect to the instrument; d. all of the above. e. none of the above. 19. A Holder in Due Course takes the instrument free of: a. all defenses; b. personal defenses; c. universal defenses; d. all of the above. 20. Most defenses to payment of a negotiable instruments are_____________defenses. a. personal; b. universal; c. constitutionl; d. all of the above.
Business Class 18. To be a Holder in Due Course (HDC), a transferee mu
Business Class 18. To be a Holder in Due Course (HDC), a transferee must take the instrument: a. for value; b. in good faith; c. without notice of a defect in or defect to the instrument; d. all of the above. e. none of the above. 19. A Holder in Due Course takes the instrument free of: a. all defenses; b. personal defenses; c. universal defenses; d. all of the above. 20. Most defenses to payment of a negotiable instruments are_____________defenses. a. personal; b. universal; c. constitutionl; d. all of the above.
0 Comments