Cyclopedia of Commerce, Accountancy, Business Administration, v. 03 (of 10)

by American School of Correspondence

97. Define innocent purchaser for value without notice.

98. Define bonâ fide holder.

99. Define holder in due course.

100. Distinguish bonâ fide holder and assignee of a negotiable instrument.

101. Can a person be a bonâ fide holder of a note who purchases it after it is due?

102. For what purpose must a negotiable instrument be presented for payment?

103. Can indorsers of a negotiable instrument be held if the note is not presented for payment?

104. How is a negotiable instrument presented for payment?

105. Explain notice of dishonor.