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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