Under the Commercial Paper Article of the UCC, which of the following requirements must be met for a person to be a holder in due course of a promissory note?
a. The note must be payable to bearer.
b. The note must be negotiable.
c. All prior holders must have been holders in due course.
d. The holder must be the payee of the note.
Question 2
Under the U.S. Sentencing Guidelines, companies that violate environmental laws may face reduced penalties if they volunteer to donate money to environmental education programs.
a. True
b. False
Indicate whether the statement is true or false
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