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

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Jefferson was raised by a very wealthy family; Paine was raised in an extremely poor family, and he abandoned his pursuit for an education at age 13. Most of Jeffersons wealth was inherited and he foc...

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The example I will give is the character Regina George. Regina is a financially wealthy and popular high school student. She is the leader of the "Plastics" group. The Plastics are the main antagonist...

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Module 10 Discussion...
Hello All, It's been a pleasure working with you all and meeting some of you in the live lectures! Definitely a tough class so congrats to everyone! I learned a lot in this course, especially in the r...

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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?

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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.