The "For-Value" Requirement for Becoming a Holder in Due Course

question 30

Multiple Choice

The "for-value" requirement for becoming a holder in due course is more stringent that the ________ requirement of ordinary contract law.

• A)fraud
• B)good faith
• C)consideration
• D)bad faith
• E)detrimental reliance

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Definitions:

Cognitive Tasks

Activities or exercises designed to assess and measure mental processes such as memory, attention, perception, and problem-solving skills.

Piaget Overestimated

The argument that Jean Piaget, a Swiss psychologist known for his work on child development, overvalued the age at which certain cognitive abilities develop in children.

Responsible Stage

The stage where the major concerns of middle-aged adults relate to their personal situations, including protecting and nourishing their spouses, families, and careers.

Middle-Aged Adults

Typically refers to individuals in the age range of 40 to 65 years, who are often experiencing a range of biological, psychological, and social changes.