True/False
A holder takes an instrument for value if he or she accepts the instrument in payment of a preexisting obligation.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q47: It is possible for a person who
Q48: Jill, in good faith and for value,
Q49: A restrictive indorsement does not destroy negotiability.
Q50: An indorsement is a signature, with or
Q51: A special indorsement does not specify a
Q53: Dan signs a check payable to Ed,
Q54: Connie transfers a note by signing it
Q55: Idina wants to buy a promissory note
Q56: Fact Pattern 26-1<br>Nina obtains a check payable
Q57: A holder takes an instrument for value