Go to Case Analysis Case 27.2, Mills v. Chauvin, on pages 524 and 525. Read the excerpt and answer the following questions.
(a) Issue: What document was at the center of the dispute in this case?
(b) Rule of Law: What are the elements of consideration? What are the requirements for attaining the status of a holder in due course (HDC)?
(c) Applying the Rule of Law: Did the document at the center of the dispute in this case satisfy the elements of consideration? Did the party in possession of the document take it as an HDC? Explain.
(d) Conclusion: Who did the court determine was liable? Why?

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