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On an inchoate instrument under Section 20, a holder in due course may recover:
AOnly half the amount
BOnly the amount the signer intended
CNothing
DAny amount covered by the stamp affixed, even if it exceeds the amount intended
Answer & Solution
Correct answer: D. Any amount covered by the stamp affixed, even if it exceeds the amount intended
A holder in due course can recover any amount covered by the stamp, whereas an ordinary holder cannot recover more than the amount the signer intended.
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