In Order for a Person to Be a Holder in Due

question 19

Multiple Choice

In order for a person to be a holder in due course of a negotiable instrument,it must be true that the paper must have been acquired for a(n) :

• A) mala fide consideration.
• B) unlawfully contingent consideration.
• C) premeditated consideration.
• D) valuable consideration.

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Definitions:

Quantitative Variables

Variables that can be quantified and measured, having numeric values that represent different magnitudes of the variable.

Information

Data that has been processed, organized, or structured in a way that adds context or meaning, making it useful for decision-making.

Quantitative

Pertaining to the measurement or quantification of variables; involving numerical data that can be analyzed statistically.

Categorical

Relating to, describing, or based on categories, often used in statistics to refer to variables that represent types rather than numbers.