A Holder Takes an Instrument for Value If He or She

question 52

True/False

A holder takes an instrument for value if he or she accepts the instrument in payment of a preexisting obligation.

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Definitions:

Cable

A medium used for transmitting electrical signals, data, or power, often referring to telecommunications and networking infrastructure.

DSL

Digital Subscriber Line is a collective term for technologies that enable internet connectivity through the digital data transmission over local telephone network cables.

Bandwidth

The maximum rate of data transfer across a given path or connection in a specified period, typically measured in bits per second (bps).

Fiber-Optic

Technology that uses glass or plastic fibers to transmit data at high speeds using light.