To be considered a holder in due course,the holder must take the instrument in ________.

A) trust
B) good faith
C) abeyance
D) remission
E) accord and satisfaction

Question

To be considered a holder in due course,the holder must take the instrument in ________.A) trustB) good faithC) abeyanceD) remissionE) accord and satisfaction

Jamelia Mauzy · Accepted Answer

Final Answer : B, Explanation :  To be considered a holder in due course,a party must meet four requirements set forth in the Uniform Commercial Code.One of those requirements is that the holder must take the instrument in good faith.

To be considered a holder in due course,the holder must take the instrument in ________.

A) trust
B) good faith
C) abeyance
D) remission
E) accord and satisfaction

Definitions

Learning Objectives

Learning Objectives

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