Which of the Following Is True Regarding the Status of Sam

Multiple Choice

Which of the following is true regarding the status of Sam?

A) He is not a holder in due course because he did not provide value.
B) He is not a holder because he did not provide value.
C) He is not a holder nor is he a holder in due course because he did not provide value.
D) The fact that a gift was involved does not prevent Sam from being a holder in due course so long as other requirements are satisfied.
E) The fact that a gift was involved does not prevent Sam from being a holder in due course so long as other requirements are satisfied and Sam is not a minor.