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Question
Which of the following is generally true about the Federal Trade Commission's (FTC) regulations of the holder in due course rule?
A. Some states have eliminated the holder in due course rule by repealing the previous version of Article 3 and refusing to adopt the new version.
B. The FTC has seriously limited the rule's impact in consumer credit situations in which the consumer signs a note or an installment sales contract, or gets financing from a third party.
C. These changes in the holder in due course rule reflect the economic power and political influence of business interests, especially banks.
D. Overall, the FTC's changes in the holder in due course rule are insignificant, especially in consumer cases.
Answer
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Related questions
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