Under the UCC,a Holder in Due Course Is a Holder

question 17

Multiple Choice

Under the UCC,a holder in due course is a holder who has given value for the instrument.Which of the following holders have given value for the instrument?

• A)Beth promises to paint the neighbor's house in exchange for a promissory note as an advance payment for the job.
• B)Steve gives a note and mortgage on his house to his attorney as a retainer to handle his pending divorce.
• C)Todd,a newspaper carrier,accepts a properly indorsed two-party check for the past two months of deliveries.
• D)All of these are correct.

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Definitions:

International Markets

Markets that exist outside of a company's home country, allowing for the expansion and sale of goods and services globally.

Global

Relating to or encompassing the whole world; involving or affecting the entirety of the Earth.

Regional

Pertaining to or characteristic of a specific geographic area or region, often used to describe businesses, cuisines, languages, or cultures unique to that area.

Economic

Pertaining to the production, distribution, and consumption of goods and services, or the material welfare of humans.