Jeff's Grandmother Is the Payee of a Promissory Note for $7,500.Jeff's

Multiple Choice

Jeff's grandmother is the payee of a promissory note for $7,500.Jeff's grandmother gives Jeff the note for his sixteenth birthday.Jeff is

A) an HDC.
B) not an HDC,because he received the note as a gift.
C) not an HDC,because he is a minor.
D) not an HDC,because the note was for less than $10,000.