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Author Question: Under the UCC, a holder in due course is a holder who has given value for the instrument. Which of ... (Read 72 times)

Yi-Chen

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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


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deja

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


Yi-Chen

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

nanny

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Reply 3 on: Yesterday
Wow, this really help

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