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When an instrument is transferred, an ordinary holder obtains only those rights that the transferor had in the instrument but is free of most of
When an instrument is transferred, an ordinary holder obtains only those rights that the transferor had in the instrument
but is free of most of the defenses and claims that could be asserted against the transferor.
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
1st Edition
0471169196, 978-0471169192
