Question: 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

    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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