Even though an unperformed promise qualifies as consideration,an unperformed promise does not meet the value requirement for qualifying as a holder in due course.

Name: Even though an unperformed promise qualifies as consideration,an unperformed promise does not meet the value requirement for qualifying as a holder in due course.
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Question

Quizplus · Accepted Answer

An unperformed promise is not a valuable consideration because it does not provide any present or future benefit to the promisor.

Even Though an Unperformed Promise Qualifies as Consideration,an Unperformed Promise