Question
If a negotiable instrument is payable to bearer and it is stolen by Freddy Five Fingers Fidecaro, Freddy _____. Multiple Choice becomes a holder in
If a negotiable instrument is payable to bearer and it is stolen by Freddy "Five Fingers" Fidecaro, Freddy _____.
Multiple Choice
becomes a holder in due course when he obtains possession
becomes the holder when he obtains possession
does not become the holder or a holder in due course when he obtains possession
takes the instrument without recourse if the payee made a blank indorsement
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Business Law and the Regulation of Business
Authors: Richard A. Mann, Barry S. Roberts
10th edition
0324786603, 978-0324786606
