Which of the Following Will Not Be Considered Value in Connection

question 13

Multiple Choice

Which of the following will not be considered value in connection with determining holder in due course status?

• A) performing the act for which the instrument was given
• B) promising to perform an existing legal obligation
• C) receiving the instrument as security for a loan
• D) taking the instrument in payment of a debt

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Definitions:

Conditioned Stimulus

An initially neutral trigger that, following its association with an unconditioned stimulus, ultimately elicits a conditioned reaction.

Unconditioned Stimulus

In behavioral psychology, an automatically triggering stimulus that leads to a natural response without the need for prior learning.

Spontaneous Recovery

A phenomenon in learning where a previously extinguished response re-emerges after a pause in exposure to the conditioning stimulus.

Learned Response

A behavior developed as the result of conditioning, where an individual learns to respond in a certain way to a specific stimulus.