Which of the following constitutes taking an instrument for value in

Question

Which of the following constitutes taking an instrument for value in order to be considered a holder in due course?

A. Providing consideration for the instrument

B. Providing a bargained-for promise in return for the instrument

C. Taking the instrument in exchange for a promise that has already been performed

D. Taking the instrument after beginning performance on a promise in return

E. All of these

Answer

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