Even Though an Unperformed Promise Qualifies as Consideration,an Unperformed Promise

question 107

True/False

Even though an unperformed promise qualifies as consideration,an unperformed promise does not meet the value requirement for qualifying as a holder in due course.

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Definitions:

College Student

An individual enrolled in an institution of higher education to pursue an academic degree or certificate.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, calculated as the square root of the variance.

Normally Distributed

Describes a probability distribution that is symmetrical around the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Exam Grades

The numerical or letter representations of performance or achievement levels attained by individuals or groups in academic examinations.