Under the Uniform Commercial Code,value has been given if the holder takes the instrument in payment of or as security for an antecedent claim.
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Q14: A holder is any person in possession
Q15: If payment is not made on a
Q16: Under the Uniform Commercial Code,value has been
Q17: A holder in due course takes a
Q18: One with notice of dishonor of an
Q20: Even though an unperformed promise qualifies as
Q21: Payees generally do not meet the requirements
Q22: A holder who takes an instrument with
Q23: If an unauthorized agent signs a note
Q24: To qualify as a holder in due
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