Mark Performs Moving Services for Nell, Who Pays Him with a Promissory

question 36

Multiple Choice

Mark performs moving services for Nell, who pays him with a promissory note for $400. Mark is aware that there are bankruptcy proceedings against Nell. Mark is

• A) an HDC.
• B) not an HDC, because Mark obtained the note with notice of a defect.
• C) not an HDC, because Mark did not acquire the instrument for value.
• D) not an HDC, because Mark did not acquire the instrument in good faith.

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