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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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