A Person Who Makes an Executory Promise in Return for a Negotiable

question 64

True/False

A person who makes an executory promise in return for a negotiable instrument has given value for it.

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Definitions:

Mediator

A neutral third party who facilitates negotiations and conflict resolution between disputing parties, aiming to help them reach an agreement.

Enforced in Court

The process of ensuring compliance with laws or legal agreements through judicial intervention.

Mediation

A form of alternative dispute resolution where a neutral third party, the mediator, helps disputing parties find a mutually acceptable solution to their conflict.

Neutral Case Evaluation

A dispute resolution process where an impartial expert assesses the strengths and weaknesses of each side's case, often to facilitate a settlement.