Which of the Following Is True About the Requirement for a Holder

Multiple Choice

Which of the following is true about the requirement for a holder in due course to give value for an instrument?

A) It can be met in any way that the consideration requirement can be met in an ordinary contract.
B) It can be met only if the holder has paid cash for the instrument.
C) In order to meet the requirement to give value, the value given must be comparable to the value of the instrument received.
D) Acceptance of the instrument in payment of or as security for an antecedent claim meets the value requirement.
E) An unperformed promise meets the value given requirement, so long as the promise is performed prior to the actual collection of any amount on the instrument.