Under the UCC,a Holder in Due Course Is a Holder

question 27

Multiple Choice

Under the UCC,a holder in due course is a holder who has given value for the instrument.Which of the following holders have given value for the instrument?

• A)Beth promises to paint the neighbor's house in exchange for a promissory note as an advance payment for the job.
• B)Steve gives a note and mortgage on his house to his attorney as a retainer to handle his pending divorce.
• C)Todd, a newspaper carrier, accepts a properly indorsed two-party check for the past two months of deliveries.
• D)All of the above are correct.

---

Definitions:

Problem-Solving Therapy

A cognitive-behavioral intervention aimed at teaching individuals to effectively manage and solve their personal problems.

Direct-Action Coping

Direct-action coping involves actively addressing and managing a stressor to effectively reduce or eliminate its impact.

Stressful Life Situations

Circumstances or events that cause significant stress, impacting an individual's psychological or physical well-being.

Palliative Coping

Strategies used to reduce or alleviate stress and discomfort without solving the underlying problem.