A person who makes an executory promise in return for a negotiable instrument has given value for it.
Correct Answer:
Verified
Q4: Sonia,through fraudulent representations,induced Gracie to execute a
Q5: Negotiation,as defined by the UCC in section
Q6: The new Article 3 recognizes and enforces
Q7: Indorsements that state a condition to the
Q8: Under the most modern revision to Article
Q10: A qualified indorsement is one where the
Q11: An instrument that is payable "to cash"
Q12: Order paper that is indorsed in blank
Q13: On June 1,Mike writes a check payable
Q14: A holder in due course of a
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