In Which of the Following Situations Has the Holder of a Negotiable

question 3

Multiple Choice

In which of the following situations has the holder of a negotiable instrument not given value for it?

• A)Where the holder takes the instrument as security for an antecedent claim.
• B)Where the holder gives a negotiable instrument in return for the one received.
• C)Where the holder receives the instrument as a gift.
• D)Where the holder acquires a security interest in the instrument.

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Definitions:

Amphetamines

A class of stimulant drugs that increase central nervous system activity, often prescribed for attention deficit hyperactivity disorder (ADHD) and narcolepsy but also misused recreationally.

Drug Categories

Classification of drugs based on their effects, chemical structure, or therapeutic use, including categories such as stimulants, depressants, and narcotics.

Bloodshot Eyes

Eyes that appear red due to the dilation of blood vessels, often caused by eye strain, dryness, overuse, or irritation.

Short-Term Memory

The ability to keep a limited quantity of data in a quickly accessible and active condition for a brief duration.