Which of the Following Would Meet the Requirement of a Holder

question 4

Multiple Choice

Which of the following would meet the requirement of a holder in due course's having given value?

• A)A third party receives an instrument as a gift from the holder.
• B)An executory promise is given in receipt of an instrument.
• C)A holder takes an instrument in payment of an antecedent debt.
• D)A holder promises to perform several major household tasks in exchange for an instrument.

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Definitions:

Specific Performance

A legal remedy where a court orders a party to perform their exact obligations under a contract rather than awarding monetary damages for a breach.

Rare Books

Books that are considered valuable due to their age, scarcity, historical significance, or unique characteristics.

Child Abuse

Physical, emotional, or sexual harm inflicted on a child, including neglect or exploitation.

Injunction

A court order requiring an individual or entity to do or cease doing a specific action.