Question

A holder in due course has the following rights, except:

A. He may receive payment and if in due course, the instrument is discharged
B. He may sue on the instrument in his own name
C. He can recover on the instrument
D. He holds the instrument as if it were non-negotiable

Answer 1

A holder in due course has rights such as receiving payment and being able to sue and recover on the instrument. However, they do not hold the instrument as if it were non-negotiable.

Step-by-step explanation:

A holder in due course has several rights when it comes to negotiable instruments. These rights include receiving payment and discharging the instrument if it is in due course, suing on the instrument in their own name, and being able to recover on the instrument.

However, a holder in due course does not hold the instrument as if it were non-negotiable. In fact, negotiable instruments are specifically designed to be freely transferable between parties.