Under the Uniform Commercial Code,value Has Been Given If the Holder

question 104

True/False

Under the Uniform Commercial Code,value has been given if the holder takes the instrument in payment of or as security for an antecedent claim.

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Definitions:

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, often leading to physical dependence and negative health, social, and behavioral effects.

Depression

a common and serious mood disorder causing persistent feelings of sadness, hopelessness, and loss of interest in activities.

Close Relatives

Family members who are directly related by blood or marriage, such as parents, siblings, and children.

Panic Disorder

A mental health condition characterized by sudden and repeated episodes of intense fear accompanied by physical symptoms.