The most superior position in which parties to a negotiable instrument can find themselves is a(n)

A) endorser.
B) holder.
C) holder for value.
D) holder in due course.
E) holder in any event.

Question

The most superior position in which parties to a negotiable instrument can find themselves is a(n)A)  endorser.B)  holder.C)  holder for value.D)  holder in due course.E)  holder in any event.

Ashley Hechavarria · Accepted Answer

Final Answer : D, Explanation :  A holder in due course holds the instrument free from many defenses that could be raised against the original payee, providing a superior position in terms of rights against the instrument.

The most superior position in which parties to a negotiable instrument can find themselves is a(n)

A) endorser.
B) holder.
C) holder for value.
D) holder in due course.
E) holder in any event.

Definitions

Learning Objectives

Learning Objectives

Related questions

The most superior position in which parties to a negotiable instrument can find themselves is a(n) A) endorser.B) holder.C) holder for value.D) holder in due course.E) holder in any event.

Definitions

Learning Objectives

Learning Objectives

Related questions

The most superior position in which parties to a negotiable instrument can find themselves is a(n)

A) endorser.
B) holder.
C) holder for value.
D) holder in due course.
E) holder in any event.