A taker of an instrument who is a holder in due course at the time of the transfer, but who thereafter learns of a defense:
A) becomes a holder through a holder in due course
B) becomes an ordinary holder.
C) remains a holder in due course.
D) becomes an assignee.
C
You might also like to view...
The primary value of a wiki stems from
A) the recognition it offers to individual authors. B) its focus on a single, expert perspective. C) the collective insight of all its contributors. D) a patented algorithm that expedites global product shipments. E) its ability to deliver short messages to diverse groups in real time.
A con?ict that centers on personal beliefs is called a/an
A) value con?ict B) ego con?ict C) moral con?ict D) need con?ict
In the daily newspaper, Webber Motor Company advertised a new convertible at a special reduced price. When Luhr tried to purchase one at the advertised price, Webber's salesperson stated that they had only one of that model and that it had already been sold. Luhr insisted that Webber Motor Company must sell him one at the reduced price, as he was accepting their newspaper offer. Is Luhr correct?
a. Yes; an advertisement in a newspaper is a communicated offer to all customers who wish to accept the offer. b. Yes; all advertisements are general offers that result in binding agreements when accepted by customers. c. No; newspaper advertisements are only invitations to customers to make an offer. d. No; advertisements are offers, but they do not have to be accepted by the advertiser once the product is sold out.
Which of the following is a factor that influences an expatriate while making an anticipatory adjustment?
A. The previous experience the expat may had with the assigned country or with countries with similar cultures B. The toughness with which the expatriate faces a whole new cultural experience C. The expat's ability to maintain a positive outlook in the face of a high-pressure situation D. The job itself, as reflected by the clarity of the role the expat plays in the host management team