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    Business Law Study Set 1
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    Exam 23: Transferability and Holder In Due Course
  5. Question
    Under the Red Light Doctrine a Person Cannot Become a Holder
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Under the Red Light Doctrine a Person Cannot Become a Holder

Question 12

Question 12

True/False

Under the red light doctrine a person cannot become a holder in due course of an instrument if there is obvious evidence of an irregularity in the instrument.

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