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Which of the Following Constitutes Taking an Instrument for Value

Question 1

Multiple Choice

Which of the following constitutes taking an instrument for value in order to be considered a holder in due course?


A) Providing consideration for the instrument.
B) Providing a bargained-for promise in return for the instrument.
C) Taking the instrument in exchange for a promise that has already been performed.
D) Taking the instrument after beginning performance on a promise in return.
E) All of these.

Correct Answer:

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