Kris Transfers a Note, on Which Liu Is the Maker

question 2

Multiple Choice

Kris transfers a note, on which Liu is the maker, to Mia, who takes it for value and in good faith. Mia knows that Kris breached the contract underlying the note, giving Liu a defense against payment. With respect to this note, Mia is​

• A) ​a knowledgeable holder in due course.
• B) ​an ordinary holder.
• C) ​an ordinary holder in due course.
• D) ​an ordinary note taker.

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