A Holder Takes an Instrument for Value If He or She

question 14

True/False

A holder takes an instrument for value if he or she accepts the instru?ment as payment for an antecedent debt.

---

Definitions:

Financing

The act of providing funds for business activities, making purchases or investing.

Shelf Life

The length of time for which an item remains usable, fit for consumption, or saleable.

Storage

The act of keeping or placing goods or data in a designated space for future use or retrieval.

Small Business

A business is generally considered small if it is independently owned, operated, and financed; has fewer than 100 employees; and has relatively little impact on its industry.