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

question 17

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 these are correct.

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Definitions:

Control Group

In experimental research, a group of subjects that does not receive the treatment or experimental condition and is used as a benchmark to measure how the other tested subjects do.

Aggressively

Behavior characterized by assertiveness, boldness, or combativeness, often with the intent to dominate or control.

Violent Television

Television programming that depicts scenes of physical or psychological harm or force intended to hurt or kill characters.

Dependent Variable

The variable in an experiment that is expected to change as a result of manipulations to the independent variable.