Under the UCC,a Holder in Due Course Is a Holder

question 17

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 these are correct.

Recognize the importance and impact of attending college on personal and professional development.

Identify the attributes of a sense of purpose and how it influences college success.

Understand the commonality and implications of changing majors in college.

Comprehend the central purposes of attending college for most students.

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Definitions:

Explosive Molecule

A compound that rapidly undergoes a chemical change producing an increase in temperature, gas, and pressure.

Oxygen Balance

A concept in chemistry indicating the relative amount of oxygen available for reactions, important in evaluating the explosive potential of chemicals.

RDX

An abbreviation for Royal Demolition Explosive or Research Department Explosive, a highly energetic nitroamine used as an explosive.

Positive

Exhibiting or characterized by a beneficial, affirmative, or constructive quality or attribute.