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Which of the following statements is not true? An instrument that is overdue does not have a defect. Purchasing the instrument at a judicial sale
Which of the following statements is not true? An instrument that is overdue does not have a defect. Purchasing the instrument at a judicial sale is an exception to the value requirement. O An instrument that has been dishonored has a defect. As a general rule, checks are overdue 90 days after their due date. To be an HDC, the party must take the instrument in exchange for a promise that has already been performed
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