Under the __________doctrine, the holder has taken so many ...

[faduma]

Under the __________doctrine, the holder has taken so many instruments from its transferor or is so closely connected with the transferor that any knowledge the transferor has is deemed transferred to the holder, preventing holder in due course status.
 A) constructive partnership
 B) close-connection
 C) symbiotic relationship
 D) collaborative relationship

Question 2

Suppose a corporate buyer wanted to back out of a land purchase transaction that is in escrow. What should it do?

[paavo]

Answer to Question 1

B

Answer to Question 2

Notify seller and escrow agent of cancellation. May be a waiting period; will be liable for damages.