Question
Which of the following statements about a holder in due course (HDC) is FALSE? A.The obligor has no fewer defenses against a HDC than would
Which of the following statements about a holder in due course (HDC) is FALSE?
A.The obligor has no fewer defenses against a HDC than would be had against the original obligee.
B.The HDC must have given value for the instrument.
C. The HDC must have acquired the instrument in good faith.
D.The HDC can negotiate the instrument to another HDC.
I am unsure of the answer and reasoning.
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Basic Contract Law For Paralegals
Authors: Jeffrey A Helewitz
10th Edition
1543839533, 978-1543839531
