Question
Which of the following is relevant regarding state of mind when the issue of holder in due course status is raised? E. None of the
Which of the following is relevant regarding state of mind when the issue of holder in due course status is raised?
E. None of the above because the state of mind of both the holder and the transferor is irrelevant when holder in due course status is determined.
B. Whether the holder acted in good faith.
D. Only whether the holder acted in good faith unless the holder is related to the transferor, in which case both must have acted in good faith.
C. Whether both the transferor and the holder acted in good faith.
A. Whether the transferor acted in good faith.
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
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