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.

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A state of complete physical, mental, and social well-being, and not merely the absence of disease or infirmity.

Integrated Method

A comprehensive approach that combines various methods or techniques to achieve enhanced outcomes or solve complex problems.

Continuum of Balance

Refers to the dynamic range or spectrum over which something, like a psychological state or physical condition, can vary between two polar opposites or extremes.

Purposeful Direction

A strategic approach intended to guide actions toward desired outcomes or objectives.