Mark performs moving services for Nell, who pays him with a promissory note for $400. Mark is aware that there are bankruptcy proceedings against Nell. Mark is
A) an HDC.
B) not an HDC, because Mark obtained the note with notice of a defect.
C) not an HDC, because Mark did not acquire the instrument for value.
D) not an HDC, because Mark did not acquire the instrument in good faith.

Question

Quizplus · Accepted Answer

The Answer of Mark performs moving services for Nell, who pays him with a promissory note for $400. Mark is aware that there are bankruptcy proceedings against Nell. Mark is
A) an HDC.
B) not an HDC, because Mark obtained the note with notice of a defect.
C) not an HDC, because Mark did not acquire the instrument for value.
D) not an HDC, because Mark did not acquire the instrument in good faith.

Mark Performs Moving Services for Nell, Who Pays Him with a Promissory