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Which of the Following Would Meet the Requirement of a Holder

Question 54

Multiple Choice

Which of the following would meet the requirement of a holder in due course's having given value?


A) A third party receives an instrument as a gift from the holder.
B) An executory promise is given in receipt of an instrument.
C) A holder takes an instrument in payment of an antecedent debt.
D) A holder promises to perform several major household tasks in exchange for an instrument.

Correct Answer:

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