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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Definitions:

Longitudinal Studies

Research methods that involve repeated observations of the same variables or groups over a long period of time, often used to study development or changes.

Cohort Effects

Variations in the characteristics of an area of study (like attitudes, abilities) due to the study subjects having shared a particular experience during a specific time frame.

Biological Inheritance

The process whereby genetic information is transmitted from parent to offspring, dictating traits and characteristics.

Developmental Psychologists

These are scientists who study how and why human beings change over the course of their life.