Under the UCC, a holder in due course is a holder who has given ...

[Yi-Chen]

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

[deja]

Answer to Question 1

C

Answer to Question 2

TRUE

[Yi-Chen]

Excellent

[chereeb]

TYSM