menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Contemporary Business
  4. Exam
    Exam 21: Holder in Due Course and Liability of Parties
  5. Question
    Even Though an Unperformed Promise Qualifies as Consideration,an Unperformed Promise
Solved

Even Though an Unperformed Promise Qualifies as Consideration,an Unperformed Promise

Question 107

Question 107

True/False

Even though an unperformed promise qualifies as consideration,an unperformed promise does not meet the value requirement for qualifying as a holder in due course.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q102: ABC Corporation,a large corporation,calls Joe's Plumbing Service

Q103: In terms of the requirements for becoming

Q104: Under the Uniform Commercial Code,value has been

Q105: Where an indorsement on an instrument has

Q106: Betty issues a note payable to the

Q108: Which of the following is not required

Q109: A holder who does not qualify as

Q110: One with notice of dishonor of an

Q111: An accommodation party who signs an instrument

Q112: In terms of the Uniform Commercial Code

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines