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Which of the following is the result if a payee who receives an instrument with missing information completes the missing information in a way that
Which of the following is the result if a payee who receives an instrument with missing information completes the missing information in a way that is inconsistent with the intent of the issuer, and the instrument has been clearly materially altered?
the person taking the instrument cannot become a holder in due course
the party who attached its interest first will prevail
an order instrument
Checks, drafts, and promissory notes
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ANSWER The person taking the instrument cannot become ...
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