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:

Three-Step Writing Process

A methodology involving planning, writing, and completing to efficiently create written communications.

Inspire

To fill someone with the urge or ability to do or feel something, especially something creative or positive.

Persuade

The act of convincing or influencing someone to do or believe in something through reasoning or argument.

Warn

To inform someone about a potential danger, problem, or other unpleasant situation in advance.