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Under the negotiable instruments article of the Uniform Commercial Code, which of the following parties will be a holder but not be entitled to the
Under the negotiable instruments article of the Uniform Commercial Code, which of the following parties will be a holder but not be entitled to the rights of a holder in due course.
A. | A party who found an instrument payable to bearer. | |
B. | A party who, in good faith, and without notice of any defect, gave value for an instrument. | |
C. | A party who received, as a gift, an instrument from a holder in due course. | |
D. | A party who, knowing of a real defense to payment, received an instrument from a holder in due course. |
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