a wants to buy a promissory note from Jill. The note is due on April 1. To become an HDC, Idina must buy the note

Question

1.92K viewsOctober 7, 2016

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Darshita 6.14K October 7, 2016 0 Comments

Idina wants to buy a promissory note from Jill. The note is due on April 1. To become an HDC, Idina must buy the note

	a.	before noon on April 1.
	b.	before 8:00 a.m. on April 1
	c.	before midnight on April 1.
	d.	within thirty days of April 1.

1 Answer

score 0 · Answer 1 · 2016-10-07T12:18:06+00:00

Answer

before midnight on April 1

Working notes for the above answer is as under

First of all let us understand meaning of Holder in due course . It means a person who have the possession of the a particular instrument.HDC must obtain such instrument in Good Faith no suspicion that it may be of no good, claimed by another, overdue, or previously dishonored To Become HDC, Idina must buy the note before midnight on April 1

1 Answer

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