Which Statement Is True Regarding the Status of Nate

question 75

Multiple Choice

Which statement is true regarding the status of Nate?

• A)He is not a holder nor is he a holder in due course because he did not provide value.
• B)He is not a holder in due course because he did not provide value.
• C)The fact that a gift was involved does not prevent Nate from being a holder in due course so long as other requirements are satisfied.
• D)The fact that a gift was involved does not prevent Nate from being a holder in due course so long as other requirements are satisfied and Nate is not a minor.
• E)He is not a holder because he did not provide value.

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Definitions:

Formal Operational

The stage in Jean Piaget's theory of cognitive development where individuals are able to think abstractly and reason logically.

Stranger Anxiety

A form of distress that children experience when exposed to strangers, typically emerging around 6 to 12 months of age.

Object Permanence

The concept that objects maintain their existence beyond our sensory perception, remaining present even when not directly observed.

Conservation

The understanding that certain properties of physical objects or substances remain the same even when their appearance changes.