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If a holder of an instrument knows there is a defense to an instrument, the holder is not a taker of the instrument. legitimate lawful

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If a holder of an instrument knows there is a defense to an instrument, the holder is not a taker of the instrument. legitimate lawful good-faith secured Question 13 2 pts When the bank it has been honored by the bank. credits a customer's account with the minimum statutory rate of interest pays or accepts the instrument that is presented defers its acceptance of the instrument that is presented until the following business day. accepts, but does not agree to pay, the instrument that is presented

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