A person who has accepted commercial paper in good faith, for value, before maturity, and without notice
Question:
A person who has accepted commercial paper in good faith, for value, before maturity, and without notice of any defects in the instrument.
a. bearer ins trument
b. blank indors ement
c. counterclaim
d. dishonorment
e. holder in due course
f. indorsee g. indorsement h. indorser i. material a lteration j. personal de fense k. qualifi ed indorsement l. presentment m. real, or absolute, defense n. restrictive indors ement o. special, or full, indorsement
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The correct term is e holder in due course ...View the full answer
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