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Which of the following is not a requirement for becoming a holder in due course? Multiple Choice The holder must take the instrument for value.
Which of the following is not a requirement for becoming a holder in due course?
Multiple Choice
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The holder must take the instrument for value.
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The holder must take the instrument without notice of defects.
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The party must be a holder of a complete and authentic negotiable instrument.
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The holder must take the instrument in good faith.
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The holder must either pay for the instrument or receive it as a gift.
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