Question

What type of notice prevents a holder from being a holder in due course?

A. Notice that the instrument is overdue.

B. Notice that the instrument has been dishonored.

C. Notice that the instrument was issued as part of a series that is in default.

D. Notice that the instrument is overdue, notice that the instrument has been dishonored, and also notice that the instrument was issued as part of a series that is in default.

E. Notice that the instrument is overdue or notice that the instrument has been dishonored, but not notice that the instrument was issued as part of a series that is in default.

Answer

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