Author Question: Under the UCC, a holder in due course is a holder who has given value for the instrument. Which of ... (Read 59 times)

Yi-Chen · **on:** Jun 24, 2018

Under the UCC, a holder in due course is a holder who has given value for the instrument. Which of the following holders have given value for the instrument?
A)Beth promises to paint the neighbor's house in exchange for a promissory note as an advance payment for the job.
B)Steve gives a note and mortgage on his house to his attorney as a retainer to handle his pending divorce.
C)Todd, a newspaper carrier, accepts a properly indorsed two-party check for the past two months of deliveries.
D)All of the above are correct.

Question 2

A carrier can be held liable for breach of contract for damages for the misdelivery of goods.
Indicate whether the statement is true or false