CPA Reg Quiz
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BUSINESS LAW
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A holder in due course has which of the following advantages over an ordinary holder?
A
An HDC can enforce an instrument for more than its face value.
B
An HDC is not subject to any defenses whatsoever.
C
An HDC can negotiate the instrument to others more easily than an ordinary holder.
D
An HDC takes the instrument free of personal defenses that could be asserted against an ordinary holder, such as failure of consideration, fraud in the inducement, and breach of contract.
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