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Question
Bruce acquires a series of notes with successive maturity dates that Cody issued on May 15 for a loan from Delta Credit, Inc. At the time of Bruce's acquisition, he learns that Cody defaulted on one of the notes. Bruce isa. an HDC if he reacquires the notes after their negotiation to any unsuspecting third party.
b. an HDC only with respect to the notes on which Cody has not defaulted.
c. an HDC with respect to all of notes.
d. not an HDC.
Answer
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