Which Statement Is True Regarding the Requirement That a Party

question 23

Multiple Choice

Which statement is true regarding the requirement that a party take an instrument for value in order to be considered a holder in due course?

• A)The party must have begun performance on a promise and have provided consideration.
• B)The party must provide consideration.
• C)The party must have provided a bargained-for promise.
• D)The party must have provided consideration or received the note as a gift.
• E)The party must take the instrument in exchange for a promise that has already been performed.

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Definitions:

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A condition in which all competing forces or influences are balanced, often used in contexts such as economics, physical sciences, and psychology.

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Capillary Refill

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Chronic Obstructive Pulmonary Disease

A group of lung conditions that block airflow and make it difficult to breathe, including emphysema and chronic bronchitis.