Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

2 Subjects

Download Solution

Related Solution

Week 1 Lab Activity_...
Homologous chromosomes are chromosomes which contain maternal and paternal copies of chromosomes. The chromosomes contain and provide two copies of each gene.In humans we have a haploid number is 23 w...

Week 1 Lab Activity
Week 1 Lab Activity

Homologous chromosomes are chromosomes which conta

Group Member Introdu...
My name is Xili Hao and I am a senior studying Community Psychology. I am currently graduating this fall and I thought of taking up this course because of my interest towards the different topics that...

Group member introduction
Group member introduction

My name is Xili Hao and I am a senior studying Com

Week 4 Discussion 2_...
Week 4: Quality A low-income person could receive access to high-quality health care through the Medicaid program. However, some underemployed individuals do not qualify for the program because they...

Week 4 Discussion 2
Week 4 Discussion 2

Week 4: Quality A low-income person could receive

Chapter 26 2 Holder In Due Course

Chapter 26 2 Holder In Due Course

Q 1) How does the "VALUE" requirement for a holder in due course differ from the "CONSIDERATION" requirement in Contract Law? 2) Read the case of Georg v Metro Fixtures on page 489 and answer the following questions: a) Was the instrument a draft or a note? b) Who was the drawer drawee and payee on the instrument? c) Was Freestyle a Holder in Due Course? Why or why not?

View Related Questions

Solution Preview

View Complete Solution
In case of the “VALUE” requirement for a holder in due course, a promise made to ensure the giving of a value in the long run is not considered to be a valid enough consideration. Therefore, this type of promise does not ensure that the promisor is made a holder in due course because of the constitution of insufficient value. However, in case of a “CONSIDERATION” requirement in Contract Law, a promise made to ensure the giving of a value in the long run is considered to be a valid enough consideration.