please help with BOTH Styles 18. A party who is a \"holder in due course of a ne

Question

please help with BOTH

Styles 18. A party who is a "holder in due course of a negotiable instrument: a. Has title to the instrument, but risks defenses available against the original party to the instrument b. Has title to the instrument free and clear of defenses available against the original party to the instrument. c. Does not have title to the instrument, but is likely to have title to the instrument in the foreseeable future d. Is required to wait for a determined period of time before it can present the negotiable instrument to a bank 19. The basic instrument in a secured transaction is the a. Certificate of sale b. Security Agreement c. Writ of Attachment 7 d. Wit of Execution

Explanation / Answer

1. a. A party who is holder in due course of a negotiable instrument has title to the instrument, but risk defenses available against the original party to the instrument.

2. b. The basic instrument in the secured transaction is the security agreement. it is an agreement that creates or provide for a security interest.

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