Question

Beth, an accountant for Credits & Debits, acquires a negotiable instru­ment from Ellen by promis­ing to pay its face value in thirty days. Beth ac­quires the status of an HDC when she
a. acquires possession of the negotiable instrument.
b. agrees with Ellen to buy the negotiable instrument.
c. pays the face value due on the instrument.
d. transfers the instrument to another party.

Answer

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