The "value" requirement of a holder in due course is the same as "consideration" for a contract.
Correct Answer:
Verified
Q16: The transfer of a nonnegotiable promise or
Q17: The requirements for negotiation are the same
Q18: Under the shelter rule,the transferee gets the
Q19: Subsequent indorsers are always bound by an
Q20: An indorsement limiting payment to a particular
Q22: A "holder" may transfer the instrument,negotiate it,enforce
Q23: The status of holder in due course
Q24: It is necessary that one own the
Q25: Buying a negotiable instrument at a discounted
Q26: A check is made payable "to the
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