Banking · Negotiable Instruments Act
Which of the following is not a characteristic of a Holder in Due Course (HDC)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Takes the instrument without notice of any defects in the title.
- 2Receives the instrument in good faith.
- 3Takes the instrument with knowledge of a defect in the title.✓
- 4Acquires the instrument for value or consideration.
Correct answer
Takes the instrument with knowledge of a defect in the title.
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