Register
One who, in good faith and without knowledge of defect, pays valuable consideration for a note before it is due is referred to as:a receiver in trust.an endorser in blank.a holder in due course.an assignor.
96.5k views
1 vote
One who, in good faith and without knowledge of defect, pays valuable consideration for a note before it is due is referred to as:a receiver in trust.an endorser in blank.a holder in due course.an assignor.

User Lukehawk
by
5.6k points

1 Answer

3 votes

Answer:

The correct answer to the following question is A holder in due course.

Step-by-step explanation:

A holder in due course is said to be a legal term , which describes about the person who has in good faith obtained a negotiable instrument and he or she has exchanged something valuable for that instrument, but the person is unaware of the fact that there might be some defect in the instrument like in title of person who is negotiating that contract.

User MSalters
by
6.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.9m questions

7.6m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
Demonstrate how binomial nomenclature is related to classification systems by identifying the genus name and the specific name of the domestic cat felis catus
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
Link Copied!