Final answer:
A holder in due course of a negotiable instrument is a person who acquires the instrument in good faith, for value, and without notice of any defect or defense against it. They have certain rights and protections under the law, including the ability to transfer the instrument and take possession even if it is not endorsed to them.
Step-by-step explanation:
A holder in due course of a negotiable instrument is a person who acquires the instrument in good faith, for value, and without notice of any defect or defense against it. They are granted certain rights and protections under the law.
Option B: cannot transfer greater rights than they have themselves. A holder in due course cannot transfer the instrument to another person with greater rights than they themselves possess.
Option C: can take an instrument even when it is not indorsed to him or her. A holder in due course can still take possession of the instrument even if it is not endorsed to them.